The major Indian equity benchmarks had started the day on a bullish note and the same momentum is being carried forward till now. The likely hood of solving the fiscal cliff issue in US and the probability of successful voting in parliament in favor of FDI in retail in India boosted the sentiment. Today , being settlement day of derivatives, markets are expected to be volatile. The Sensex is currently trading near the level of 19073.76 i.e., up by nearly 231 points & the Nifty is trading near the level of 5793.55 i.e., up by nearly 65 points. The midcap & small-cap counters are trading positive by nearly a half percentage point each. On the sectoral front, most of the indices are trading in green. Realty index is leading the list of gainers with gains of nearly three percentage point. While IT and TECK are the only loosing sectors . Further, the market breadth is positive as two stocks are seen advancing for each declining stock.
(pic source: bseindia.com)
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