Good Morning Everyone,
The major Indian equity benchmarks started the day on a flat note despite mildly positive cues from overseas markets. The positive economic data continued to buoy sentiment in US markets with continued weakness in the yen aiding Japanese shares. Markets are consolidating the gains made during last week. Again the traders are cautious as gains may be capped ahead of India's industrial production data for January to be released today. This led the Sensex to trade near the level of 19652.12 i.e. up by 5.91 points & the Nifty to trade near the level of 5942.95 i.e. up by 0.60 points. The Midcap index and the small cap index are trading in green with the gain of fifteen basis points of a percentage point and more than one third of a percentage point respectively. On the sectoral front, except three, all the indices are trading in green. Oil & Gas Index is trading as the major gainer with gains of eight-tenth of a percentage point. This is followed by Auto Index which is trading with the gains of more than half a percentage point. On the other hand, IT Index is the biggest looser with the loss of seven-tenth of a percentage point.
Further, the market breadth is neutrally placed as three stocks are seen advancing against two declining stocks.
The major Indian equity benchmarks started the day on a flat note despite mildly positive cues from overseas markets. The positive economic data continued to buoy sentiment in US markets with continued weakness in the yen aiding Japanese shares. Markets are consolidating the gains made during last week. Again the traders are cautious as gains may be capped ahead of India's industrial production data for January to be released today. This led the Sensex to trade near the level of 19652.12 i.e. up by 5.91 points & the Nifty to trade near the level of 5942.95 i.e. up by 0.60 points. The Midcap index and the small cap index are trading in green with the gain of fifteen basis points of a percentage point and more than one third of a percentage point respectively. On the sectoral front, except three, all the indices are trading in green. Oil & Gas Index is trading as the major gainer with gains of eight-tenth of a percentage point. This is followed by Auto Index which is trading with the gains of more than half a percentage point. On the other hand, IT Index is the biggest looser with the loss of seven-tenth of a percentage point.
Further, the market breadth is neutrally placed as three stocks are seen advancing against two declining stocks.
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