Indian benchmark indices rose over one percent in the morning session today on fresh buying by funds and retail investors tracking a firm trend in the Asian markets. The Sensex was up 182 points at 17045 and the Nifty was up 58 points at 5144. SBI is trading higher by 2.5% at Rs 2042 after the government agreed to infuse Rs 7900 crore into the bank through a preferential issue. Globally, at a summit meeting on Monday, European leaders agreed on a permanent rescue fund for the euro zone and endorsed a German-inspired stricter budget discipline, but they fell short of reconciling fiscal austerity with growth. Sectorally, all the indices except Capital Goods were seen trading in the green. Market breadth was positive and three stocks advanced against every single decline.
(Pic. Source- bseindia.com)
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