The major Indian equity benchmarks had started the day on a bullish note and the same momentum is seen being carried forward till now. President Barack Obama's confidence that a budget deal will be reached before Christmas to avoid the looming "fiscal cliff" has provided the much lacking boost to the market. The Sensex is currently trading near the level of 19240 i.e., up by nearly 70 points & the Nifty is trading near the level of 5840 i.e., up by nearly 15 point. The midcap counters are trading positive by nearly a percentage point while small-cap counters are trading positive by over half a percentage point. On the sectoral front, except for FMCG & Auto indices, all the other indices are trading in green. Metal index is leading the list of gainers with gains of nearly two percentage point. Further, the market breadth is positive as two stocks are seen advancing for every one decline.
(pic source: bseindia.com)
(pic source: bseindia.com)
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