Good Morning Everyone,
The major Indian equity benchmarks started the day on a weak note on the back of US Indices ending mostly flat on Wednesday on profit taking and as action in the broad market was stock-specific due to companies' Oct-Dec earnings. However, the weak opening did not push benchmarks down further as they were seen consolidating in a range. NTPC's offer for sale (OFS) opened today; the government has fixed the floor price at Rs 145 per share for 9.5% stake sale in NTPC. Midcaps opened stable aided by IT companies. All this led the Sensex to trade near the level of 19679.09 i.e. up by 39.37 points & the Nifty to trade near the level of 5972.9 i.e. up by 13.7 points. The Midcap index and the Small Cap index are trading in green with the gain of around four-tenth of a percentage and around eight basis points respectively. . On the sectoral front , the indices are trading mixed. IT index is trading as the major gainer with gains of more than six-tenth of a percentage point. This is followed by Auto Index which is trading with the gains of one-third of a percentage point. On the other hand, Consumer Durables index is the biggest looser with the loss of nearly one percentage point.
Further, the market breadth is positively placed as three stocks are seen advancing against four declining stocks.
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