The major Indian equity benchmarks started the day on a slightly weaker note on April 26, 2013. However, US markets closed off their best levels on Thursday, but the major indices still managed to close with marginal gains and European markets ended mixed. Asian markets are subdued in morning trade on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after hitting its highest since mid-March on Thursday. The Indian benchmarks after a sharp rise in this week are consolidating their gains. Yesterday’s upmove was primarily due to short covering. Thus traders are non committal at higher levels. All these led the Sensex to trade near the level of 19331.81i.e. down by 75.04 points & the Nifty to trade near the level of 5886.90. i.e. down by 25.8 points. The Midcap index is trading in red with the marginal loss of four basis point of a percentage point and small cap index was trading in green with the gain of one fifth of a percentage point. On the sectoral front, the indices are trading mixed. Realty Index is trading as the biggest gainer with the gain of nearly one percentage point. This is followed by Consumer Durables Index which is trading with the gain of quarter of percentage point. On the other hand, Bank Index is the biggest looser with the loss of more than one and quarter of a percentage point.
Further, the market breadth is neutrally placed as one stock is seen advancing against each declining stock.
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