Good Morning Everyone,
The major Indian equity benchmarks started the day with a gap down on the back of f overnight fall on Wall Street after minutes of the US Federal Reserve's latest meeting triggered uncertainty about continuity of the central bank's stimulus plan. After opening, selling pressure multiplied and forced benchmarks to trade at lower levels. This carnage led the Sensex to trade near the level of 19471.84 i.e. down by 170.91 points & the Nifty to trade near the level of 5895.05 i.e. down by 48 points. The Midcap index and the Small Cap index are trading in red with the loss of more than eight-tenth of a percentage point each. On the sectoral front , all the indices are trading in red excepting consumer durables and IT index. Consumer Durables Index is trading as the major gainer with gains of more than four-tenth of a percentage point. On the other hand, Metal Index is the biggest looser with the loss of one and eight-tenth of a percentage point. This is followed by Capital Goods Index which is trading with the loss of nearly one and a half percentage point.
Further, the market breadth is negatively placed as three stocks are seen advancing against ten declining stocks.
The major Indian equity benchmarks started the day with a gap down on the back of f overnight fall on Wall Street after minutes of the US Federal Reserve's latest meeting triggered uncertainty about continuity of the central bank's stimulus plan. After opening, selling pressure multiplied and forced benchmarks to trade at lower levels. This carnage led the Sensex to trade near the level of 19471.84 i.e. down by 170.91 points & the Nifty to trade near the level of 5895.05 i.e. down by 48 points. The Midcap index and the Small Cap index are trading in red with the loss of more than eight-tenth of a percentage point each. On the sectoral front , all the indices are trading in red excepting consumer durables and IT index. Consumer Durables Index is trading as the major gainer with gains of more than four-tenth of a percentage point. On the other hand, Metal Index is the biggest looser with the loss of one and eight-tenth of a percentage point. This is followed by Capital Goods Index which is trading with the loss of nearly one and a half percentage point.
Further, the market breadth is negatively placed as three stocks are seen advancing against ten declining stocks.
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