The major Indian equity benchmarks started the day on a flat note on May 21, 2013.This was in spite of negative international cues . US Markets ended slightly lower on Monday amid concerns that the Federal Reserve may taper its bond-buying program. European markets ended the session mixed. In Asia , Japanese markets were off their multi year highs on Tuesday morning. Post opening Indian benchmarks were seen trading in a similar range. The markets are expected to be choppy as follow up buying is missing at the higher levels. This have led the Sensex to trade near the level of 20231.06i.e.up by 7.08 points & the Nifty to trade near the level of 6154.35I.e. down by 2.55 points. The Midcap index and small cap index are trading in green with the gain of nearly three-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The IT Index is trading as the biggest gainer with the gain of nearly one and one-tens of a percentage point. This is followed by the Teck Index which is trading with the gain of nearly one percentage point. On the other hand, the Auto Index is the biggest loser with the loss of nearly six-tens of a 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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