The major Indian equity benchmarks started the day on a flat note on July 2, 2013. This was in spite of the strong international cues. In US stocks eased off their best levels but still kicked off the first day of the third quarter with a modest rally. This was on the back of better than expected economic reports. Europe too ended with marginal gains. Asian Markets are trading firm with Japan 's Nikkei leading the most in Asia. In Indian markets, benchmarks have made a considerable gain in the fresh derivative settlement. Hence there is a strong probability that they will consolidate at least for a day. Again, RBI have received 26 applications for the bank liscence and it will decide on the same by 31st March, 2014. Indian rupee opened flat at 59.50 per dollar on Tuesday as against Monday's closing value of 59.52. A surge in dollar demand from state-run banks, mainly from oil importers, and demand from custodian banks may support the dollar's uptrend. All these led the Sensex to trade near the level of 19534.82 i.e. down by 42.57 points & the Nifty to trade near the level of 5880.25 i.e. down by 18.60 points. The Midcap index and small cap index are trading in green with the gain of quarter of a percentage point and more than one-third of a percentage point respectively. On the sectoral front, all the indices except three are trading in red. The Consumer Durable Index is trading as the biggest gainer with the gain of more than one and eight-tenth of a percentage point. On the other hand Realty index is the biggest loser with the loss of more than two-third of a percentage point. This is followed by the Auto Index which is trading with the loss of almost six-tens of a percentage point.
Further, the market breadth opened slightly positive as seven stocks are seen advancing against six declining stocks.