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)