As anticipated, the Indian stock indices extended the week's rally in the early morning trade, with the Nifty firming above 5000 and the Sensex crossing the 16,700 mark. The undercurrent remains positive on the back of strong inflows seen in equity and debt. The Government’s step to encourage FDI and lift economic growth is also helping the investor sentiments. Further, the signs of cooling inflation, is expected provide ample room for RBI to unload its series of rate hikes. The midcap and the small-cap counters are trading positive by over half a percentage point each. On, the sectoral front, except for Oil&Gas and Healthcare indices , all the other indices are trading in green. Consumer Durables, Bank, Realty and Capital Goods indices are leading the list of gainers. The market breadth is positive as two stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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