Good Morning Everyone,
The major Indian equity benchmarks started the day at the same level as that of previous day’s close. Some selling pressure emerged post opening. However, the benchmarks moved in a narrow band then . NTPC moved up after successful completion of its OFS (offer for sale), which saw good response from FIIs. The government raised USD 2.15 billion from the NTPC share sale. The benchmarks were seeing support from IT, Banking and automobile stocks. All this led the Sensex to trade near the level of 19621.05 i.e. up by 40.73 points & the Nifty to trade near the level of 5946.05 i.e. up by 8.05 points. The Midcap index and the Small Cap index are trading in red with the loss of seventeen basis points of a percentage and around eighteen basis points respectively. . On the sectoral front , the indices are trading mixed. Consumer Durables Index is trading as the major gainer with gains of more than eight-tenth of a percentage point. This is followed by Capital Goods Index which is trading with the gains of three-forth of a percentage point. On the other hand, Oil & Gas index is the biggest looser with the loss of nearly half a percentage point.
Further, the market breadth is negatively placed as six stocks are seen advancing against seven declining stocks.
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