The major Indian equity benchmarks started the day on a weaker note on June 18, 2013. This was in spite of a strong US markets. US markets recovered from their lows to close higher on Monday following positive economic data and as investors await clarity on Fed's bond purchase programme. European markets also ended higher. Asian markets were trading cautious today morning. The rupee has weakened in today’s early trade and has induced fresh selling in Indian Markets. The rupee remains a big concern and will continue to be a headwind, going forward. Again, market men are waiting for the outcome of fed meeting which will be out tomorrow night. All these led the Sensex to trade near the level of 19260.02 i.e. down by 65.85 points & the Nifty to trade near the level of 5825.50 i.e. down by 24.55 points. The Midcap index and the small cap index are trading in green with the gain of quarter of a percentage point and one third of a percentage point respectively. On the sectoral front, the indices are trading mixed with negative bias. The Teck Index is trading as the biggest gainer with the gain of nearly half a percentage point. On the other hand, Bankex index is the biggest loser with the loss of nearly two-third of a percentage point. This is followed by the Consumer Durables Index which is trading with the loss of more than half of a percentage point.
Further, the market breadth opened slightly positive as six stocks are seen advancing against five declining stocks.
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