The Indian indices advanced in the early minutes of trade joining the global rally. A favourable outcome of the Greek elections has spurred hopes of stability in the debt-stricken eurozone and increased the probability that Greece will remain in the eurozone. Back home, the focus will be on the RBI’s mid-quarter review. The market expects RBI to decrease the interest rates by 25 bps in a bid to prop up a slowing economy. But, a slew of negative factors, especially sticky inflation and swelling deficits, could prompt the RBI to think twice before giving into market demands. The Sensex has crossed the 17000 mark while the Nifty is close to the 5200 milestone. Sectorally, FMCG is the only index trading in the red while all the other indices are seen trading with decent gains. Realty, Auto and Metal are the leaders with over one and a half percent gains. The market breadth is positive and three stocks are seen advancing against every single decline.
(Pic. Source- bseindia.com)
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