The major Indian equity benchmarks started the day on a flat note on May 13, 2013.The international markets were also mixed. While Wall Street ended higher on Friday for third week running and Europe also closed at 5-year high as stocks continue in risk-on mode, Asian markets were flat in morning trade on Monday, but Japanese market is up over a percent on weak yen. Post opening , benchmarks started drifting downward as the follow up buying was missing at higher levels. However, at lower levels , some buying is expected to emerge. All these have led the Sensex to trade near the level of 19987.00.34i.e.down by 135.32 points & the Nifty to trade near the level of 6071.15. I.e. down by 36.10 points. The Midcap index and small cap Index are trading in red with the loss of nearly two-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, all the indices, except two are trading in red. The Healthcare Index is trading as the biggest gainer with the gain of nearly seven-tens of percentage point. This is followed by the Consumer Durables Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, FMCG Index is the biggest loser with the loss of one and three-tens of a percentage point.
Further, the market breadth opened negative as two stocks were seen advancing against three declining stocks.
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