The major Indian equity benchmarks started the day on a flat note on May 16, 2013.The international cues were positive. It was positive session on Wednesday in the US markets. The US markets gained with the Dow and S&P 500 closing at a fresh high and Europe too ended higher as the risk on rally continued. Asian markets were flat in morning trade on Thursday. Post opening, Benchmarks build up on the gains made yesterday. Rate sensitive stocks were ruling firm. There has been strong buying by FIIs in recent times. All these have led the Sensex to trade near the level of 20281.45i.e.up by 68.49 points & the Nifty to trade near the level of 6172.55. I.e. up by 25.80 points. The Midcap index and small cap index are trading in green with the gain of nearly eight-tens of a percentage point and six-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The Healthcare Index is trading as the biggest gainer with the gain of nearly one and four-tens of a percentage point. This is followed by the Bankex Index which is trading with the gain of nearly one and two-tens of a percentage point. On the other hand, IT Index is the biggest loser with the loss of nearly half percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against two declining stocks.
No comments:
Post a Comment