As anticipated, the key Indian stock indices opened on a positive note and have successfully kept the momentum going till now. This sudden strength in the market is buoyed by the positive trend seen across Asian markets and overnight gains in most European markets. Even the US markets were seen recovering from intraday lows and had closed mixed. In addition, the Indian Rupee started the day with a positive bias versus the US dollar. Currently, the Sensex is trading around the level of 16100 i.e., up by nearly 110 points and the Nifty is trading around the level of 4885 i.e., up by nearly 36 points. This has led the midcap and the small-cap counters to trade positive by nearly a percentage point each. On the sectoral front, all the indices are trading in green. Power and Capital Goods indices are leading the list of gainers with gains of nearly one and a half percentage points each. Further, the market breadth is positive as three stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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