Good Morning Everyone,
As expected, the
key Indian equity benchmarks have opened with a big gap-up, tracking overseas
cues. A broad-based rally in the US and European markets has brought some
festive cheer ahead of the Christmas. An upbeat report on the US housing
market, coupled with an encouraging reading on German business sentiment and a
well-received Spanish bond auction has triggered the spike in the market. Most
of the other Asian markets are also up smartly while the Rupee has advanced
marginally versus the US dollar. The midcap and small-cap counters are seen
rallying after a heavy selloff in last three days. On the sectoral front, all
the thirteen indices are trading in green. Bank, Metal and Realty counters are
leading the list of gainers. Further, the market breadth is even positive as
three stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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