Good Morning Everyone,
Stock indices trading up around 0.80% with the Nifty briefly topping the 5700-mark as Cyprus negotiated a last-minute deal with the International Monetary Fund and the European Union for a 10-bln-euro bailout.
Realty shares rebounded after steep losses last week. DB Realty, Unitech, DLF, Housing Development & Infrastructure, and Puravankara Projects rose 1-4%. Cairn India rose 2.3% and Oil and Natural Gas Corp added 3.3% as their joint venture started commercial gas sales from the Barmer block in Rajasthan. Ranbaxy Laboratories down 1.2%, was the worst hit on the Nifty.
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