The major Indian equity benchmarks started the day on a flat note on May 14, 2013.The international markets were on a weak footing. Major indices in the US markets closed flat and European markets snapped a four-day rally. Asian markets were subdued in morning trade on Tuesday. Post opening, benchmarks were seen moving in the similar range. Investors seem to be worried at the political drama as there are speculations of the growing rift between Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi. This is keeping the market list less. All these have led the Sensex to trade near the level of 19678.42i.e.down by 13.25 points & the Nifty to trade near the level of 5976.35. I.e. down by 4.10 points. The Midcap index is trading in red with the loss of nearly one-tens of a percentage point and the small cap Index is almost in the positive zone. On the sectoral front, the indices are trading mixed. The Oil and Gas Index is trading as the biggest gainer with the gain of nearly nine-tens of a percentage point. This is followed by the PSU Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, Consumer Durables Index is the biggest loser with the loss nearly one percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.
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