The major Indian equity benchmarks started the day on a firm note and then the indicies looked up on the back of sustained buying by the investors and strong Asian Market. Bill to avert US fiscal cliff has won passage in the House of Representatives after it was approved by the US Senate . This also provided added impetus to the markets. This has led the Sensex to trade near the level of 19707.07 i.e., up by 126.26 points & the Nifty to trade near the level of 5989.95 i.e., up by nearly 39.10 points. The midcap & small-cap indices are trading positive by nearly three forth of a percentage point. On the sectoral front all the indices were trading in green. Consumer Durable index was trading as the major gainer followed by Capital Goods Index with gains of nearly one and a half percentage point. While FMCG index was trading with the lowest gain as it was marginally trading in positive. Further, the market breadth was positively placed as three stocks were seen advancing for every one declining stock.
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