The major Indian equity benchmarks started the day on a negative note on May 30, 2013.This is due to negative international cues. US markets were off their worst levels on Wednesday, but still closed in the red on concerns that Fed will start winding down its stimulus program. European markets too ended with nearly 2 percent cuts. Asian markets were also trading in the negative zone today morning. At 7: 51 am (IST), Japan's Nikkei shed 2.16 percent or 309.43 points at 14,017.03.The derivative settlement is today and benchmarks are expected to move in a band. Again, traders will be watching the specific stocks for their results. This led the Sensex to trade near the level of 20118.68 i.e. down by 28.96 points & the Nifty to trade near the level of 6093.80 i.e. down by 10.50 points. The Midcap index and small cap index are both trading in red with the loss of nearly one fifth of a percentage point each.On the sectoral front, the indices are trading mixed. The Auto Index is trading as the biggest gainer with the gain of one and two-tens of a percentage point. On the other hand, the Realty Index is the biggest loser with the loss of two and three-tens of a percentage point. This is followed by the Consumer Durables Index which is trading with the loss of slightly less than one and half of a percentage point.
Further, the market breadth opened negative as five stocks were seen advancing against three declining stocks.
No comments:
Post a Comment