The major Indian equity benchmarks started the day on a flat note on May 28, 2013.The international cues were also lack luster. The UK and US markets were shut for public holidays. European markets closed higher on Monday rebounding from last week's losses. Asian markets were also mixed in morning trade. Japanese stocks fell on Tuesday. The Nikkei stock average opened down 1.4 percent, extending Monday's 3.2 percent plunge. Meanwhile, Japan's market moves kept investors on the edge and the Japanese panelist urged the government to get serious about fiscal reforms. Post opening, benchmarks were seen trading in the similar level. The expiry of derivative settlement is weighing on the mind of traders and the depreciation of rupee has also dampened the sentiment. All these have led the Sensex to trade near the level of 20062.03.e.up by 31.26 points & the Nifty to trade near the level of 6089.60 i.e. up by 6.65 points. The Midcap index and small cap index are both trading in green with the gain of nearly four-tens of a percentage point each. On the sectoral front, the indices are trading mixed. The PSU Index is trading as the biggest gainer with the gain of nearly one percentage point. This is followed by the Oil and Gas Index which is trading with the gain of nearly nine-tens of a percentage point. On the other hand, the Consumer Durables Index is the biggest loser with the loss of nearly six-tens of a percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against two declining stocks.
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