The major Indian equity benchmarks started the day on a weak note on April 16, 2013 on the back of weaker US markets as two explosions at the Boston Marathon Finish Line left three dead and nearly 100 injured. Most Asian markets were lower today morning on the back of the risk off across world markets. But post opening, benchmarks soon started gaining ground and scaled the levels higher than that achieved yesterday. Investors are expected to keenly follow Mukesh Ambani’s flagship company Reliance Industries' movement in the stock market as the company announces its fourth quarter earnings today. Gold and silver prices will also be on traders' radar after its biggest two-day drop in 30 years.. All these led the Sensex to trade near the level of 18522.33 i.e. up by 164.53 points & the Nifty to trade near the level of 5616.7 i.e. up by 48.3 points. The Midcap index and the small cap index are trading in green with the gain of quarter of a percentage point each. On the sectoral front, the indices are trading mixed. Capital Goods Index is trading as the biggest gainer with the gain of one and half a percentage point. This is followed by Bank Index which is trading with the gain of slightly less than one and four-tenth of a percentage point. On the other hand, IT Index is the biggest looser with the loss of nearly two –third of a percentage point.
Further, the market breadth is positively placed as three stocks are seen advancing against two declining stocks.
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