After opening in the positive, Indian markets slummed down by noon and found it difficult to recover from the red ending 4 points (SENSEX) and 5.45 points (Nifty) down respectively. The Asian markets on the other hand traded in the positive and closed the day also in the green (except for TSEC which closed 55.94 points down). The Small cap Index stood its ground by gaining 2.11 percent at the closing as compared to the Mid cap Index. On the sectorial front, the FMCG Index gained the most by
closing 4.19 percent in the green. And the Banking Index lost the most closing 1.29 percent down. The advance decline ratio too was in favour of the former (70:30).The market breadth was positive with advances at 889 against declines of 378 on the NSE. Top Nifty gainers included Suzlon, Hindalco and ITC while losers were Cairn India, HCL Technologies and SAIL
Market Close in Red now we expect flat opening and be cautious on higher level because to sustain a positive trend from here is very difficult