Good Morning Everyone,
The major Indian equity benchmarks started the day on a flat note taking cues from Asian markets as indicies there traded down today as a fall in realty shares weighed on the Hong Kong market and on caution in South Korea before Bank of Korea's monetary policy decision later today.. Post opening, markets were trading in a similar range as that of opening price. Caution was prevailing ahead of the release of domestic inflation data for February around 1130 IST today. Suddenly report of a scam by a Private bank on a website spooked the sentiment and pushed the market down. This led the Sensex to trade near the level of 19237.36 i.e. down by 125.19 points & the Nifty to trade near the level of 5813.7 i.e. down by 37.5 points. The Midcap index and the small cap index are trading in red with the loss of six-tenth of a percentage point each.. On the sectoral front, all the indices are trading in red. Healthcare Index is trading as the least looser with loss of ten basis points of a percentage point. On the other hand, Consumer Durables Index is the biggest looser with the loss of one and one-tenth of a percentage point. This is followed by Bank Index which is trading with the loss of more than one percentage point.
Further, the market breadth is negatively placed as two stocks were seen advancing against five declining stocks.
The major Indian equity benchmarks started the day on a flat note taking cues from Asian markets as indicies there traded down today as a fall in realty shares weighed on the Hong Kong market and on caution in South Korea before Bank of Korea's monetary policy decision later today.. Post opening, markets were trading in a similar range as that of opening price. Caution was prevailing ahead of the release of domestic inflation data for February around 1130 IST today. Suddenly report of a scam by a Private bank on a website spooked the sentiment and pushed the market down. This led the Sensex to trade near the level of 19237.36 i.e. down by 125.19 points & the Nifty to trade near the level of 5813.7 i.e. down by 37.5 points. The Midcap index and the small cap index are trading in red with the loss of six-tenth of a percentage point each.. On the sectoral front, all the indices are trading in red. Healthcare Index is trading as the least looser with loss of ten basis points of a percentage point. On the other hand, Consumer Durables Index is the biggest looser with the loss of one and one-tenth of a percentage point. This is followed by Bank Index which is trading with the loss of more than one percentage point.
Further, the market breadth is negatively placed as two stocks were seen advancing against five declining stocks.
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