The major Indian equity benchmarks started the day on a flat note on March 22, 2013 and was seen trading in the similar levels with some positive bias. The mood is however cautious on escalating worries about whether Cyprus will be able to strike a bailout deal with lenders before the Monday deadline or not. Thus market had a sluggish start and the indices have been falling for several consecutive sessions. The buyers are still apprehensive in the absence of any positive fundamental trigger. This led the Sensex to trade near the level of 18811.65 i.e. up by 18.78 points & the Nifty to trade near the level of 5668.85 i.e. up by 10.10 points. The Midcap index and the small cap index are trading in red with the loss of slightly more than half a percentage point and nearly two-third of a percentage point respectively. On the sectoral front, the indices are trading mixed. Auto Index is trading as the largest gainer with the gains of three-forth of a percentage point. On the other hand, Consumer Durables Index is the biggest looser with the loss of one and four-tenth of a percentage point. This is followed by IT Index which is trading with the loss of more than one and one-tenth of a percentage point.
Further, the market breadth is negatively placed as one stock was seen advancing against three declining stocks.
Further, the market breadth is negatively placed as one stock was seen advancing against three declining stocks.
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