As anticipated, the frontline Indian stock indices gave a gap up opening. Though the indices have slipped down a little since the opening but they are still showing strong momentum upwards. The strength of the market can be contributed to the G8 summit’s positive decision of keeping Greece in Eurozone. This decision gave the much needed uplift to the overseas market and in return to our market. Amongst all this, the midcap and the small-cap counters are trading positive by nearly half a percentage point each. On the sectoral front, except for Realty and Healthcare indices, all the other indices are trading in green. Auto, PSU and Oil&Gas indices are leading the list of gainers with gains of nearly a percentage point each. Further, the market breadth is positive as two stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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