The major Indian equity benchmarks started the day on a flat note on May 9, 2013.This opening was taking cues from the international markets. Major indices in the US closed with marginal losses on Thursday and Europe ended mixed. Asian markets were trading mixed today morning; Japan gained more than 2 percent, as yen weakened. Japan’s current account surplus rose in March to the highest levels in the year. Currently Indian benchmarks are trading sideways, waiting for IIP figure to be declared at 11.00 AM. Even the volatility in USDINR and crude prices have affected the sentiment to an extent. All these have led the Sensex to trade near the level of 19996.34 i.e. up by 56.3 points & the Nifty to trade near the level of 6066.45. I.e. up by 16.30 points. The Midcap index and small cap Index are trading in green with the gain of nearly four-tens of a percentage point and five-tens of a percentage point respectively. On the sectoral front, all the indices are trading in green. The Consumer Durables Index is trading as the biggest gainer with the gain of nearly one and eight-tens of percentage point. This is followed by the Auto Index which is trading with the gain of nearly nine-tens of percentage point. On the other hand, Oil and Gas Index is the smallest gainer with the gain of one-tens of a percentage point.
Further, the market breadth opened positive as nine stocks were seen advancing against five declining stocks.
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