The stock markets once again attempt to break the highs

SENSEX having difficulty

The benchmark indices of India stock markets SENSEX andNIFTY are having difficulty to move higher. It is noteworthy that the indices attemptedto break higher from this area a couple of weeks back but the markets stronglyrejected the highs. Still, the SENSEX is holding above 40,500 and the NIFTY 50is holding above 11,850.

All market-caps at their resistance

Indices of the large-, mid-, and small-cap stocks are all attheir resistances. Thus, the stock market is in an important position as to whetherthe investors will accept the higher prices or will reject the higher pricesand the markets will fall.

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Sector-performance

In line with the broader market, most of the sector indicesare in the red. Pharmaceuticals stocks are the worst-hit with the index beingdown 1%. Only two sectors – media and metals – are able to stay in the green,but barely so. The former is up about 0.60% and the latter is up about 0.80% atthe time of writing.