Morning Summary- Market Synopsis- 13 July, 2012

Good Morning Everyone,
The frontline Indian stock indices advanced modestly in early minutes of trade, on the back of an intraday recovery in Asian markets. Asian indices were seen recovering from session lows after China's second-quarter GDP came in line with estimates. Moreover, the investors are also hoping for some more stimulus measures to be announced by the Chinese policy makers after Q2 GDP growth hit a three-year low. The Sensex is currently trading near the level of 17310 i.e., up by nearly 80 points and the Nifty is trading near the level of 5255 i.e., up by nearly 20 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, the indices are trading in green. Bank, Teck and IT indices are leading the list of gainers with gains of over half a percentage point each. Meanwhile, the market breadth is positive as five stocks are seen advancing for every two declines.