Main Indian stock indices managed to notch decent gains today, breaking the sequence of three straight losing sessions. The rise today was a tad surprise, as it came a day after the release of the dismal IIP data for October. A sharper-than-forecast drop in inflation may further boost the sentiment ahead of the RBI meet on Friday. The Sensex ended above 16,000 and the Nifty closed at 4,800. While the broader market weakened, the advance in the Indian market was led by the Large-Cap stocks. The market even overlooked a steep drop in the Indian rupee. The midcap and the small-cap counters closed negative by over half a percentage point. On the sectoral front, maximum indices closed in green. Metal, Oil&Gas and Auto were the major gainers of the day, whereas, Consumer Durables and Capital Goods were the only indices to close in red. Further, the market breadth closed negative as only three stocks were seen advancing for every four declines.
(Pic. Source: bseindia.com)
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