The Indian markets started off trade with a 1% gap up following a rally in Asian markets (except Shanghai). Finance ministers from the Group of Seven (G-7) major economies discussed progress towards financial and fiscal union in Europe in an emergency call on Tuesday. An agreement between them to a co-ordinated response to the Eurozone's debt crisis aided sentiment. The Sensex was trading at 16232, up 212 points over the previous close while the Nifty was quoting 4929, up 66 points over the previous close. All the 13 sectoral indices on the BSE were trading in the positive. Power and Realty were the leaders with close to two percent gains. The market breadth was extremely positive and five stocks were seen advancing against every single decline.
(Pic. Source- bseindia.com)
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