The key Indian equity benchmarks have gained modestly in early minutes of trade, tracking recovery in some Asian peers. The stock benchmark in China has turned positive after preliminary manufacturing PMI showed improvement in February over the previous month. Stock markets in Australia and Hong Kong too have come off from session lows while Japanese shares are trading marginally higher. The Indian midcap and small-cap counters are trading positive by 0.75 percentage point each. On the sectoral front, except for the Bank index, all the other indices are trading in green. Realty, OIL&Gas, Power and PSU indices are leading the list of gainers till now. The market breadth seems favorable for the bulls as the broader indices too are up smartly and as nine stocks are seen advancing for every five declines.
(Pic. Source- bseindia.com)
No comments:
Post a Comment