Thursday, 28 March 2013

Morning Summary,Market Synopsis : 28th March, 2013

Good Morning Everyone,
The major Indian equity benchmarks started the day on a slightly weak note on March 28, 2013 on the back of weak international cues and were not able to maintain at the opening levels. They were seen drifting down. Indices have now fallen in seven out of the last eight sessions, reflecting the bearish sentiment in the market. Stocks have tumbled despite foreign funds not having sold in a big way. Traders are ready for the expected volatile movements which generally occur on the day of expiry. This led the Sensex to trade near the level of 18591.73 i.e. down by 112.83 points & the Nifty to trade near the level of 5611.05 i.e. down by 30.05 points. The Midcap index and the small cap index are trading in red with the loss of three – tenth of a percentage point each. On the sectoral front, the indices are trading mixed. Healthcare Index is trading as the largest gainer with the gains of more than half a percentage point. On the other hand, Auto Index is the biggest looser with the loss of one and two-third of a percentage point. This is followed by Realty Index which is trading with the loss of slightly less than one and half of a percentage point.

Further, the market breadth is negatively placed as four stocks were seen advancing against seven declining stocks.

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