The major Indian equity benchmarks started the day on a firm note and gained ground further on the back of the news that the white house and congressional lawmakers are close to reaching a deal to avoid the fiscal cliff in US. This is expected to delay the sharp spending cut by few months. This has led the Sensex to trade near the level of 19563.98 i.e., up by nearly 137.28points & the Nifty to trade near the level of 5946.5 i.e., up by nearly 41.40 points. The midcap & small-cap indices are trading positive with a gain of near to one percentage point . On the sectoral front, all the indices are trading in green. Realty Index is leading the list of gainers with gains of over one and a half percentage point followed by Metal Index which has gained nearly one and a quarter percentage point. While IT index has gained the lowest and it is marginally in green. . Further, the market breadth is positive where three stocks are advancing against each declining stock.
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