The major Indian equity benchmarks started the day on slightly positively on May 20, 2013.The international cues were also positive. It was a strong Friday for US markets with major indices hitting fresh highs boosted by positive economic data and European markets also closed with gains. Japanese stocks rose in early trade on Monday aided by positive US market cues. Indian benchmarks are seen trading in a narrow range, consolidating the recent gains. However, it seems that a fresh follow up buying is needed at this point, since benchmarks have hit a resistance zone. All these have led the Sensex to trade near the level of 20412.68i.e.up by 126.56 points & the Nifty to trade near the level of 6218.15I.e. up by 30.85 points. The Midcap index and small cap index are trading in green with the gain of nearly six-tens of a percentage point and four-tens of a percentage point respectively. On the sectoral front, all the indices, except one are trading in green. The Auto Index is trading as the biggest gainer with the gain of nearly one and seven-tens of a percentage point. This is followed by the Metal Index which is trading with the gain of nearly one percentage point. On the other hand, the Healthcare Index is the biggest loser with the loss of nearly seven-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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