The major Indian equity benchmarks started the day on a flat note on May 8, 2013.This is in spite of a positive session on the Wall Street with major indices closing near session highs on Wednesday. Even the Asian Markets were trading in green, today morning. For Indian markets, benchmarks have reached to such a level that they can turn choppy now . Still the strong foreign inflows are providing the required impetus , but the follow up buying is required to push benchmarks higher from this level. All these have led the Sensex to trade near the level of 19983.60 i.e. down by 6.58 points & the Nifty to trade near the level of 6063.65. I.e. down by 5.65 points. The Midcap index and small cap Index are trading in green with the gain of nearly one-tens of a percentage point and two-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 nine-tens of percentage point. This is followed by the Teck Index which is trading with the gain of nearly eight-tens of percentage point. On the other hand, Capital Goods index is the biggest loser with the loss of three-forth of a percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.
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