Morning Market Update:
The major Indian equity benchmarks started the day on a slightly positive note on April 17, 2013 on the back of strong US markets as they logged in a one percent rally with major indices closing near session highs. However, post opening, benchmarks were not able to sustain the higher levels achieved. The slump in gold price and big correction in crude price has got investors interested in Indian equities once again. The better than expected third quarter earnings by HCL Tech also boosted the sentiment. All these led the Sensex to trade near the level of 18763.49 i.e. up by 18.56 points & the Nifty to trade near the level of 5700.90 i.e. up by 11.95 points. The Midcap index and the small cap index are trading in green with the gain of two-third of a percentage point and one-third of a percentage point respectively. On the sectoral front, the indices are trading mixed. Realty Index is trading as the biggest gainer with the gain of two percentage point. This is followed by Metal Index which is trading with the gain of one and one-third of a percentage point. On the other hand, IT Index is the biggest looser with the loss of slightly more than one percentage point.
Further, the market breadth is positively placed as nine stocks are seen advancing against five declining stocks.
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