The major Indian equity benchmarks started the day on a positive note with a gap up on June 10, 2013.This was on the back of positive international cues. US stock markets enjoyed a strong finish to the week but proved volatile as investors appeared to struggle with how to interpret economic data-as a driver of profit growth or on the basis of Federal Reserve's policy. As such US markets were up by 0.9% during the week. On the other hand, in Asia, Chinese market is closed and Nikkei jumps over 3% on GDP revision. Indian rupee hit a new record low of 57.62 in morning trade, after opening at 57.25 per dollar on Monday as against Friday's closing of 57.06 a dollar. This weakness In rupee has created an atmosphere of cautiousness in the market. During last week a substantial amount has been withdrawn by fIIs from debt market. All these led the Sensex to trade near the level of 19479.54i.e. up by 50.31 points & the Nifty to trade near the level of 5896.25 i.e. up by 15.25 points. The Midcap index and small cap index are both trading in green with the gain of one fifth of a percentage point and three –tens of a percentage point respectively. On the sectoral front, the indices are trading mixed but with positive bias. The IT Index is trading as the biggest gainer with the gain of one percentage point. This is followed by the Capital Goods Index which is trading with the gain of more than six-tens of a percentage point. On the other hand, Healthcare Index is the biggest loser with the loss of nearly three-forth of a percentage point.
Further, the market breadth opened positive as seven stocks were seen advancing against five declining stocks.a
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