Markets Opened Flat

The barometer benchmark Sensex and Nifty which had reached a record high, opened on a flat note in today's trade. The Sensex and the Nifty were seen trading in red due to profit booking by retail investors. At 10.30 am the Sensex was trading at 261233, down by 23 points while Nifty was seen trading at 7790, down by 5 points.

The overall market breadth was negative, the small cap and midcap indices remain unchanged as they witnessed profit booking. Tracking the momentum of the sectoral indices, FMCG and Metals continue to post modest gains, as these indices continue to remain investors favourite choice. On the other hand capital goods, oil and gas and consumer durables declined with red herring. These indices almost fell by 0.55%, 0.56% and 0.35% respectively. Markets opened on a flat note from record high on profit booking.

On the similar lines firming trend was seen in the Asian markets. The markets were seen trading in green. Among the Asian markets, China's Shangai composite was up by 1.4%, Hong Kong's Hang Seng was up by 0.5%. In the contrast, the benchmark Nikkei was relatively flat in the negative bias.