The Indian benchmark indices wiped off its early session gains and slid near the day’s lows after the Supreme Court cancelled 122 2G telecom licenses issued after January 2008. However, the indices have recovered all of their losses and are currently trading with gains of close to one percent. Sensex is seen trading at 17487 while Nifty is seen trading at 5285 levels. Teck, Realty and Metal are some of the counters trading with maximum gains while FMCG, Consumer Durables and Healthcare are seen trading in the negative. Market breadth is positive and five three stocks are seen advancing against two declines. (Pic. Source- bseindia.com)
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