The major Indian equity benchmarks started the day with a small gap down on June 21, 2013 on the back of weak international cues. The US markets bled on Thursday with major indices sliding over 2 percent each. The Dow Jones and the S&P 500 saw their worst day of 2013. The CBOE VIX surged 23 percent. European markets too posted a worst 1-day fall in 19 months. Asian markets too slumped today morning; Japanese and Korean markets were down more than 2 percent. Investors have been on risk off mode post FOMC announcement and there has been price erosion across all assets. There was a strong FII outflow yesterday and It seems is the beginning of the things to come. On the other hand Unilever's USD 5.4 billion voluntary open offer to increase its stake in Hindustan Unilever ( HUL ) begins today, and will remain open till July 4at a price of Rs 600/-. All these led the Sensex to trade near the level of 18745.07 i.e. up by 25.78 points & the Nifty to trade near the level of 5662.15 i.e. up by 6.25 points. The Midcap index is trading in red with the marginal loss of twelve basis points of a percentage point and small cap index is trading in green with the gain of three-tens of a percentage point. On the sectoral front, the indices are trading mixed. The IT Index is trading as the biggest gainer with the gain of one and one-tens of a percentage point. This is followed by the Teck Index which is trading with the gain of more than one percentage point. On the other hand, Bankex index is the biggest loser with the loss of three-tens of a percentage point.
Further, the market breadth opened slightly positive as eight stocks are seen advancing against seven declining stocks.
Further, the market breadth opened slightly positive as eight stocks are seen advancing against seven declining stocks.
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