Good Morning Everyone,
The major Indian equity benchmarks started the day on a flat note and was trading in the similar levels . International cues were a bit subdued. US Share indices ended marginally in the red on Thursday due to caution a day ahead of the January jobs report. The key Asian markets were also trading mixed after Chinese data showed an unexpected drop in manufacturing activity in the region in January. The previous series closed with FIIs being net buyers and domestic mutual funds being the net sellers. Action was noted in a couple of infrastructure and telecom stocks in early trades. All this led the Sensex to trade near the level of 19929.9 i.e. up by 32.17 points & the Nifty to trade near the level of 6042.9 i.e. up by 8.15 points. The midcap index is trading positive with the gain of six-tenth of a percentage point while the small cap index is also trading in green with the gain of nearly half a percentage point. On the sectoral front the indices are trading mixed .Consumer Durables Index is the biggest gainer with the gains of nearly two and a quarter of a percentage point . This was followed by Healthcare Index which is trading with the gain of nearly nine-tenth of a percentage point. On the other hand Realty Index is the biggest looser with the loss of nearly half of a percentage point. Further, the market breadth is positively placed as two stocks are seen advancing against each declining stock.
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