As anticipated, the frontline Indian equity benchmarks gave a positive opening and is trading flat since then. The forecast of a normal monsoon for a third year in a row and a newspaper report indicating that the Government could dilute the proposed GAAR norms aimed at checking misuse of tax treaties is acting as a support in the otherwise indecisive market. Meanwhile, midcap and the small-cap counters are trading positive by over half a percentage point each. On the sectoral front, except for Healthcare and Oil&Gas indices, all the other indices are trading in green. Further, the market breadth is positive as two stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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