The major Indian equity benchmarks started the day on a flat note on June 25, 2013 on the back of international cues. It was a negative session on Wall Street with major indices down a percent each on Monday. The CBOE VIX surged over 6 percent. European markets also closed sharply lower. Asian markets bounced back after previous day's fall, but China's Shanghai continued its downward journey due to liquidity concerns. Hence these markets were also pulled down. This condition of Chinese markets pushed the Indian benchmarks down, post opening. The market men are waiting for some short covering as derivative settlement is coming closer and benchmarks have fallen nearly nine percent in this settlement. IGL has hiked Delhi CNG price by Rs 2 a kg w.e.f. midnight to Rs 41.90/kg. Prices in Ghaziabad and Noida have been hiked by Rs 2.25. It has also hiked piped cooking gas price by Re 1 per kg in Delhi. Thus there is a possibility of Gas price hike by Reliance Industries & ONGC. All these led the Sensex to trade near the level of 18553.08 i.e. up by 12.19 points & the Nifty to trade near the level of 5592.95 i.e. up by 2.70 points. The Midcap index and small cap index are trading in red with the loss of nine-tens of a percentage point and more than one-third of a percentage point respectively. On the sectoral front, the indices are trading mixed. The Oil & Gas Index is trading as the biggest gainer with the gain of more than one and quarter of a percentage point On the other hand Consumer Durables index is the biggest loser with the loss of more than one percentage point. . This is followed by the Auto Index which is trading with the loss of almost one percentage point.
Further, the market breadth opened negative as two stocks are seen advancing against three declining stocks.
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