The major Indian equity benchmarks started the day in green and were on a firm note post announcement of IIP numbers .India's industrial production index rose at a better-than-expected rate of 8.2 percent, its fastest annual pace in nearly a year in October after unexpectedly contracting in September. This was against the expectation of 4.5%. However, the cautiousness of the traders still appears to be there. The Sensex is currently trading near the level of 193788.99 i.e., up by nearly 1.5 points & the Nifty is trading near the level of 5895 i.e.,down by nearly 3.75 points. The midcap and the small cap indicies are trading flat to positive with the gains of nearly a quarter of a percentage point. On the sectoral front, the indices are trading mixed. IT & TECk are trading with the gains of nearly a percentage point, while PSU and Power indicies are the biggest loosers with the loss of more than a quarter of a percentage point. Further, the market breadth is neutrally placed as one stock is seen advancing for each declining stock.
(pic courtesy: bseindia.com)
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