The major Indian equity benchmarks started the day on a flat note on July 15, 2013. Though the international cues were positive, it was on the Indian macro front, that the news was dampening the sentiment. In the US markets, Dow Jones and S&P 500 index ended Friday’s session at record high even though the points and percentage gains for the day were slim. The Nasdaq closed at a 52 week high. Asian Markets were also trading higher but were cautious ahead of the Chinese Growth figures to be released today. In India Industrial Production delivered a rude shock as it contracted 1.6 percent in May and retail inflation for June rose to 9.87 percent. Meanwhile, the June WPI was expected to be released today. Oil marketing companies were also in focus today as weak rupee forced the OMCs to hike petrol prices again by Rs 1.55 per litre. All these led the Sensex to trade near the level of 19924 i.e.down by34.47 points & the Nifty to trade near the level of 5998.10 i.e. down by 10.90 points. The Midcap index and small cap index are trading in green with the gain of more than half of a percentage point and more than two-third of a percentage point respectively. On the sectoral front, the indices are trading mixed. The Healthcare Index is trading as the biggest gainer with the gain of more than seven-tens of a percentage point. This is followed by the Realty Index which is trading with the gain of nearly two-third of a percentage point. On the other hand, Bankex index is the biggest looser with the loss of more than four-tens of a percentage point.
Further, the market breadth opened positive as seven stocks are seen advancing against five declining stocks.
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