Good Morning Everyone,
The major Indian equity benchmarks started the day with a gap up on the back of positive international cues arising out of better-than-expected quarterly earnings from companies that helped US share indices rebound on Tuesday after the sell-off in the previous session. However, this initial levels could not be maintained and benchmarks are trading sideways, showing the signs of fatigue. Traders are waiting on sidelines in the absence of any trigger. All this led the Sensex to trade near the level of 19705.53 i.e. up by 45.71 points & the Nifty to trade near the level of 5975.5 i.e. up by 18.6 points. The Midcap index and the Small Cap index are trading in green with the gain of around six-tenth of a percentage and around seven-tenth of a percentage point respectively. On the sectoral front all the indices are trading positive. Realty Index is the biggest gainer with the gains of more than one percentage point. This is followed by Metal Index which is trading with the gain of nearly one percentage point. On the other hand Oil & Gas Index is the least gainer and is trading with the marginal gain of five basis points. Further, the market breadth is positively placed as two stocks are seen advancing against each declining stock.
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