The major Indian equity benchmarks started the day with a strong gap up on April 25, 2013. However, It was a lackluster session on Wall Street on Wednesday with the Dow snapping a three-day rally to end lower, but European markets ended higher on rate cut expectations from the ECB. Again, Asian shares edged higher on Thursday, on hopes that the recent run of weak global economic data will push major central banks to keep or deepen their monetary stimulus to boost growth. Jet Airways was biggest gainer in early trade on news of Etihad picking up a 24 percent stake in the company at a substantial premium to the market price.. All these led the Sensex to trade near the level of 19307.39 i.e. up by 128.3 points & the Nifty to trade near the level of 5884. i.e. up by 47.4 points. The Midcap index and the small cap index are trading in green with the gain of three-forth of a percentage point and nearly half a percentage point respectively. On the sectoral front, except one, all the indices are trading in green. Oil & Gas Index is trading as the biggest gainer with the gain of more than one and seven-tens of a percentage point. This is followed by Auto Index which is trading with the gain of more than one and half a percentage point. On the other hand, IT Index is the biggest looser with the loss of more than one and half a percentage point.
Further, the market breadth is positively placed as eight stocks are seen advancing against five declining stocks.