The major Indian equity benchmarks started the day with a small gap up on June 26, 2013 on the back of international cues. It was a positive session on Wall Street Tuesday as upbeat economic data boosted sentiment. European markets too rebounded from seven-month lows to end higher. Asian markets were mixed in morning trade on Wednesday. The People’s Bank of China (PBOC) reassured and soothed the market saying the overall liquidity in domestic banks is abundant. In India we are nearing the derivative settlement which is to be held tomorrow. Thus volatility will be the name of the game for these two days. Hence market will be choppy. Again, FIIs has been on risk off mode and are withdrawing funds from our market. Rupee is also trading flat. All these led the Sensex to trade near the level of 18667.13 i.e. up by 37.98 points & the Nifty to trade near the level of 5626.40 i.e. up by 17.30 points. The Midcap index and small cap index are trading in green with the gain of one-third of a percentage point and four-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The Power Index is trading as the biggest gainer with the gain of more than one and one-third of a percentage point. This is followed by the Realty Index which is trading with the gain of more than one and one-tens of a percentage point. On the other hand Auto index is the biggest loser with the loss of more than four-tens of a percentage point. .
Further, the market breadth opened positive as three stocks are seen advancing against two declining stocks.
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