Good Morning Everyone,
The major Indian equity benchmarks started the day almost at the similar level as that of previous day’s close. Earning season is mostly behind us. Most of the economic data are announced. Now the traders are waiting for the announcement of budget . This is the next trigger which can give a direction to the market movement. Till now the market is sluggish. All this led the Sensex to trade near the level of 19502.88 i.e. up by 34.73 points & the Nifty to trade near the level of 5892.55 i.e. up by 5.55 points. The Midcap index and the Small Cap index are trading in green with the gain of six- tenth of a percentage point and nearly a quarter of a percentage point respectively. On the sectoral front , the indices are trading mixed . Realty Index is trading as the major gainer with gains of nearly one and a half a percentage point. This is followed by PSU Index which is trading with the gains of three-forth of a percentage point. On the other hand, Consumer Durables Index is the biggest looser with the loss of more than six-tenth of a percentage point.
Further, the market breadth is positively placed as nine stocks are seen advancing against five declining stocks.
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