The major Indian equity benchmarks started the day with a gap down on April 3, 2013 on the back of international cues. Post opening, they were seen trading in a similar level, but with positive bias. Power shares were up as CERC has allowed a variable compensatory tariff to be offered to Adani Power till the fuel situation stabilizes. This judgement is expected to strengthen the case for higher power tariffs for other imported coal-based projects of companies like Tata Power and Reliance Power. The Sensex is trading near the level of 19007.29 i.e. down by 33.66 points & the Nifty is trading near the level of 5738.5 i.e. down by 9.60 points. The Midcap index and the small cap index are trading in green with the gain of six-tenth of a percentage point and more than one percentage point respectively. On the sectoral front, the indices are trading mixed. Power Index is trading as the largest gainer with the gains of more than two percentage point. This is followed by Healthcare Index which is trading with the gain of eight-tenth of a percentage point. On the other hand, FMCG Index is the biggest looser with the loss of nearly two-third of a percentage point.
Further, the market breadth is positively placed as seven stocks were seen advancing against three declining stocks.
No comments:
Post a Comment