Good morning everyone,
The major Indian equity benchmarks started the day on a weak note with small a gap down reflecting hurt sentiment by a patchy global growth outlook and weak data from Europe.After start, the benchmarks further lost ground on sustained selling. However at lower levels some support has emerged.This led the Sensex to trade near the level of 18806.41 i.e. down by 112.11 points & the Nifty to trade near the level of 5678.8 i.e. down by 40.90 points. The Midcap index and the small cap index are trading in red with the loss of one and two-tenth of percentage point and nearly one and half 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.
The major Indian equity benchmarks started the day on a weak note with small a gap down reflecting hurt sentiment by a patchy global growth outlook and weak data from Europe.After start, the benchmarks further lost ground on sustained selling. However at lower levels some support has emerged.This led the Sensex to trade near the level of 18806.41 i.e. down by 112.11 points & the Nifty to trade near the level of 5678.8 i.e. down by 40.90 points. The Midcap index and the small cap index are trading in red with the loss of one and two-tenth of percentage point and nearly one and half 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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