The markets rose more than one percent in early trade following a rally in the Asian markets. The Sensex jumped 215 points to 16405 and the Nifty index advanced 70 points to 4943. IT stocks were seen trading with modest gains after HCL Tech, India's fourth biggest IT company, surprised the Street with a higher than expected profit. TCS too was seen trading with gains of nearly one percent ahead of its third quarter earnings today. On the sectoral front, all the major sectoral indices were seen trading in the green zone with Metal, Realty and Auto indices zooming by nearly 2% each. In the broader markets, the small cap and the midcap indices were also trading up by over one percent each. Market breadth was strong and four stocks were seen advancing against every single decline.
(Pic. Source- bseindia.com)
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