Good Morning Everyone,
The major Indian equity benchmarks started the day on a firm note with a gap up after US Federal Reserve Chairman downplayed the division in members' views on the central bank's stimulus plans and reiterated commitment to the same. After opening, benchmarks were trading sideways waiting for the union budget presentation to be done today. Hence traders are not willing to increase their commitment before budget.This led the Sensex to trade near the level of 19263.01 i.e. up by 110.60 points & the Nifty to trade near the level of 5826.3 i.e. up by 29.40 points. The Midcap index and the small cap index are trading with the gain of more than half a percentage point each. On the sectoral front, the indices are trading mixed with a positive bias. Realty Index is trading as the major gainer with gains of more than one and one-third of a percentage point. This is followed by Capital Goods Index which is trading with the gains of nearly one and a quarter of a percentage point. On the other hand, Consumer Durables Index is the biggest looser with the loss of just six basis points of a percentage.
Further, the market breadth is positively placed as two stocks are seen advancing against each declining stock.
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