The major Indian equity benchmarks started the day with a gap up on June 27, 2013 on the back of international cues. It was another positive session on Wall Street on Wednesday on hopes that Fed would not taper its stimulus program in the immediate future. European markets too clocked in sharp gains. Asian markets were trading higher in the morning on Thursday. India's March quarter current account deficit was $18.1 billion, or 3.6 percent of GDP, lower than expected and below the $21.7 billion deficit a year earlier. This also resulted in rupee opening stronger against the dollar. Today, it is a derivative settlement day. Hence the trading will be characterized by volatility. CCEA is also to meet to finalize the rise in Gas prices among other decisions. All these led the Sensex to trade near the level of 18722.96 i.e. up by 170.84 points & the Nifty to trade near the level of 5644.95 i.e. up by 56.25 points. The Midcap index and small cap index are trading in green with the gain of more than half of a percentage point and nearly two-third of a percentage point respectively. On the sectoral front, all the indices except one are trading in green. The IT Index is trading as the biggest gainer with the gain of more than one and three-fourth of a percentage point. This is followed by the Oil & Gas Index which is trading with the gain of almost one and three-fourth of a percentage point. On the other hand Consumer Durables index is the biggest loser with the loss of more than two-third of a percentage point.
Further, the market breadth opened positive as two stocks are seen advancing against each declining stock.
Further, the market breadth opened positive as two stocks are seen advancing against each declining stock.
No comments:
Post a Comment