Good Morning Everyone,
The major Indian equity benchmarks started the day with a gap down on April 15, 2013 on the back of weaker US markets as Retail Sales there disappointed and recorded their biggest drop in 10 months. Even the Japanese market fell 1% on Monday morning after the weak US data on Friday strengthened the dollar yen. The crack in the prices of precious metals also dampened the sentiment. March WPI inflation to be announced today is expected to be slightly lower at 6.4 percent. Food inflation could fall due to high base while core inflation is seen at 3.8 percent. Gold sank more than 5 percent on Friday followed by 3 percent today amid concerns about central bank sales and souring sentiment. All these led the Sensex to trade near the level of 18183.76 i.e. down by 58.8 points & the Nifty to trade near the level of 5512.5 i.e. down by 16.05 points. The Midcap index and the small cap index are trading marginally in green with the gain of two basis points of a percentage point and ten basis points of a percentage point respectively. On the sectoral front, the indices are trading mixed. Oil & Gas Index is trading as the biggest gainer with the gain of one and quarter of a percentage point. This is followed by PSU Index which is trading with the gain of slightly more than half a percentage point. On the other hand, Consumer Durables Index is the biggest looser with the loss of more than two and a quarter of a percentage point.
Further, the market breadth is neutrally placed as one stock was seen advancing against each declining stock.
No comments:
Post a Comment