Good Morning Everyone,
The major Indian equity benchmarks started the day on a weak note with a gap down. Though after start, there was some consolidation at lower levels. Manufacturing data from China mostly met expectations. This helped sentiment to somewhat stabilise which was sagging due to post budget dullness and likely US spending cuts. This led the Sensex to trade near the level of 18948.15 i.e. up by 86.61 points & the Nifty to trade near the level of 5723.95 i.e. up by 30.90 points. The Midcap index and the small cap index are trading with the gain of more than one-third of a percentage point and fifteen basis points of a percentage point respectively. On the sectoral front, the indices are trading mixed. Capital Goods Index is trading as the major gainer with gains of nearly one and three-forth of a percentage point. This is followed by Power Index which is trading with the gains of nearly one and half a percentage point. On the other hand, Realty Index is the biggest looser with the loss of more than six-tenth of a percentage point.
Further, the market breadth is positively placed as five stocks are seen advancing against four declining stocks.
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