The main Indian equity benchmarks advanced modestly in the early minutes of trade, reversing part of the decline witnessed yesterday. The undertone is positive amid hope of some sort of monetary easing by the RBI at its policy meeting on June 18. The global sentiment has also been lifted by media reports that the world's leading central banks are ready to step in if the credit markets freeze in the wake of this weekend's Greek elections. The Sensex is currently trading near the level of 16800 i.e., up by nearly 125 points and the Nifty is trading near the level of 5090 i.e., up by nearly 35 points. This has led the midcap and the small-cap counters to trade positive by over half a percentage point each. On the sectoral front, all the indices are trading in green. Realty, PSU and Bank indices are leading the list of gainers with gains of over 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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