The major Indian equity benchmarks started the day with a gap down on April 12, 2013 on the back of lower than expected Q4 results by tech major Infosys. This pulled Infosys down by more than eighteen percent. This in turn, pressurized benchmarks to trade lower. Markets are also cautious as INDUSTRIAL OUTPUT DATA for February, is to be detailed by CSO at 11.00 .It is estimated that IIP growth figure may come at (-)1.0%. CPI COMBINED INFLATION for March is to be detailed by CSO at 1100 AM. All these led the Sensex to trade near the level of 18300.48 i.e. down by 241.72 points & the Nifty to trade near the level of 5534.00 i.e. down by 60.00 points. The Midcap index and the small cap index are trading in red with the loss of quarter of a percentage point and nearly half a percentage point respectively. On the sectoral front, the indices are trading mixed. IT Index is trading as the biggest looser with the loss of nine and two-third of a percentage point. This is followed by Teck Index which is trading with the loss of slightly less than seven and two-third of a percentage point. On the other hand, FMCG Index is the biggest gainer with the gain of one and one-third of a percentage point.
Further, the market breadth is negatively placed as five stocks were seen advancing against nine declining stocks.
Further, the market breadth is negatively placed as five stocks were seen advancing against nine declining stocks.
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