BROADER MARKETS OUTPERFORM

Following a positive opening, Indian equity markets failed to maintain initial gains and slipped into negative territory amid some stock specific selling after last week's rally. The BSE benchmark - Sensex down by 41 points, while, Nifty fell by 8.15 points. In spite of a 5% hike in foreign institution investors' cap on debt investments, which is expected to lure FIIs, profit-booking has picked up pace. Investors were disappointed with the adjournment of parliament on Monday. In currency markets, Indian rupee slipped into red against dollar snapping a three-day rally as importers started purchasing American currency to take advantage of the currency's ascent to a three-week high. On sectoral front, realty, metal, capital goods, power were trading in green, while consumer durables, banks and FMCG stocks were trading in red. In global markets, Asian shares were trading mixed on Monday as further indications of a stabilizing Chinese economy improved investor sentiments, but gains were restricted by concerns that an impasse in US budget talks could tip the world's largest economy into recession. Back home, the market breadth favoring positive trend; there were 1,445 shares on the gaining side against 1,027 shares on the losing side while 123 shares remain unchanged.
The BSE Sensex is currently trading at 19,298.07 down by 41.83 points or 0.22% after trading in a range of 19,416.45 and 19,273.03. There were 14 stocks advancing against 16 declines on the index.
The broader indices were trading in green; the BSE Mid cap index was up by 0.98% and Small cap index was up by 0.80%.
The top gaining sectoral indices on the BSE were, Realty up by 1.67%, Metal up by 0.82%, Capital Goods (CG) up by 0.60%, Power up by 0.47%, and Auto was up by 0.46%, while Consumer Durables down by 0.48%, Bankex down by 0.43%, FMCG down by 0.33%, TECk down 0.21% and IT down by 0.03% were the top losers on the index.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.71%, Tata Steel up by 1.62%, Maruti Suzuki up by 1.52%, Hindalco up by 0.95% and SBI was up by 0.93%.

On the flip side, HDFC Bank down by 2.06%, Bharti Airtel down by 1.39%, ITC down by 1.12%, Hero MotoCorp down by 0.82% and NTPC down by 0.68% were the top losers on the Sensex.
Meanwhile, indicating further improvement in the health of the Indian manufacturing sector, the seasonally adjusted HSBC Purchasing Managers' Index, a composite indicator of operating conditions in the manufacturing economy posted a good advancement in November, surging to their five-month high to 53.7 from 52.9 in October.
With this numbers, Indian goods-producing sector has shown output growth advancement for the forty-fourth consecutive month, backed by increase in order book volumes combined with a depletion of post-production inventories.
As per the report, new orders and export sales both increased at manufacturing companies in India during November. While, order book volumes showed fastest expansion since June, the new export orders reported sharpest growth in last five months. Demand was reportedly stronger in both domestic and international markets. In line with higher input costs, prices charged by manufacturers too increased during November.
Indian manufacturing companies increased their input buying during November for the straight 44-month and the pre-production inventories at manufacturing firms increased in November continuing since May. Despite a slow pace, job creation in the Indian manufacturing sector was recorded for the ninth successive month in November.  
The S&P CNX Nifty is currently trading at 5,871.70, down by 8.15 points or 0.14% after trading in a range of 5,899.15 and 5,859.70. There were 25 stocks advancing against 24 declines on the index, while one remains unchanged.
The top gainers of the Nifty were UltraTech Cement up by 3.07%, ACC was up by 2.91%, JP Associates up by 2.44%, M&M up by 1.72% and Ambuja Cement up by 1.54%.
On the flip side, HDFC Bank down by 2.00%, IDFC down by 1.82%, Bharti Airtel down by 1.31%, BPCL down by 1.29% and ITC down 1.09% were the top losers on the Nifty.
Asian equity indices were trading mixed; Taiwan Weighted was up by 0.26%, Nikkei 225 gained 0.13%, Seoul Composite gained 0.37% and Straits Times was up by 0.05%.
On the other hand, Hang Seng was down by 0.27%, Shanghai Composite was down by 0.44%, KLSE Composite down by 0.17%, Jakarta Composite was down by 0.14%.