As anticipated, the major Indian indices advanced in early morning session and has maintained its upside momentum till now. However, the overall trend for the day will be set by the IIP data. Industrial production is expected to moderate in February to 6.7% from January’s 6.8%. Meanwhile, midcap and the small-cap counters are trading positive by over a percentage point each. On the sectoral front, except for IT and Healthcare index, all the other indices are trading in green. Capital Goods, Metal and Power indices are leading the list of gainers with gains of little less than one and a half percentage points each. Further, the market breadth seems to be in favor of the bulls as four stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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