The major Indian indices gave a gap-up opening on the back of a possible reduction in policy rates by the RBI later this month. Even globally, stocks and other risky assets are doing well on speculation of emergency action from policymakers. Currently, the Sensex is trading around the level of 16570 i.e., up by nearly 115 points and the Nifty is trading around the level of 5020 i.e., up by nearly 25 points. This has led the midcap and the small-cap counters to trade positive by nearly half a percentage point each. On the sectoral front, except for consumer durables index, all the other indices are trading in green. Realty and Oil&Gas indices are leading the list of gainers with gains of over a percentage point 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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