Good Morning Everyone,
The major Indian equity benchmarks started the day flat and after opening, markets are completely sluggish. Traders have taken positions on either side according to their market view and are not interested to increase or reduce their positions because of impending budget announcement. US markets were closed yesterday, hence , there was an absence of global cues to guide the market. All this led the Sensex to trade near the level of 19491.03 i.e. down by 10.05 points & the Nifty to trade near the level of 5893.9 i.e. down by 5.10 points. The Midcap index and the Small Cap index are trading in green with the gain of nearly half a percentage point each. On the sectoral front , the indices are trading mixed . Healthcare Index is trading as the major gainer with gains of nearly seven-tenth of a percentage point. This is followed by Power Index which is trading with the gains of a quarter of a percentage point. On the other hand, Oil & Gas Index is the biggest looser with the loss of more than a quarter of a percentage point.
Further, the market breadth is positively placed as three stocks are seen advancing against two declining stocks.
The major Indian equity benchmarks started the day flat and after opening, markets are completely sluggish. Traders have taken positions on either side according to their market view and are not interested to increase or reduce their positions because of impending budget announcement. US markets were closed yesterday, hence , there was an absence of global cues to guide the market. All this led the Sensex to trade near the level of 19491.03 i.e. down by 10.05 points & the Nifty to trade near the level of 5893.9 i.e. down by 5.10 points. The Midcap index and the Small Cap index are trading in green with the gain of nearly half a percentage point each. On the sectoral front , the indices are trading mixed . Healthcare Index is trading as the major gainer with gains of nearly seven-tenth of a percentage point. This is followed by Power Index which is trading with the gains of a quarter of a percentage point. On the other hand, Oil & Gas Index is the biggest looser with the loss of more than a quarter of a percentage point.
Further, the market breadth is positively placed as three stocks are seen advancing against two declining stocks.
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