The markets gained strongly at the opening bell after the Reserve Bank of India slashed the cash reserve ratio late on Friday. This week holds some further events for the market with India looking forward to IIP numbers today, the Railway Budget on Wednesday, Economic Survey and RBI policy meet on Thursday and the Union Budget on Friday. Currently, Sensex is seen trading at 17622 with a gain of 124 points while Nifty is trading at 5370 with a gain of 37 points. Sectorally, except FMCG, all the other sectoral indices are trading in the green. Consumer Durables, Capital Goods, Banking, Realty & PSU are the leading gainers with over one percent gains. Market breadth is strong with four shares advancing against every single decline.
(Pic. Source- bseindia.com)
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