The major Indian equity benchmarks started the day with a gap up on April 11, 2013 on the back of strong international cues. The US markets soared broadly across the board to finish near session highs, propelling the Dow and S&P 500 to new record levels, boosted by strong gains in techs. Post opening benchmarks were seen trading in the similar range as that of opening. The upswing was primarily because of the technical factors. However, investors are cautious as there is no trigger available for market for a sustained rally. There are also problems in economy. All these led the Sensex to trade near the level of 18487.87 i.e. up by 73.42 points & the Nifty to trade near the level of 5576.95 i.e. up by 18.25 points. The Midcap index and the small cap index are trading in green with the gain of quarter of a percentage point and nearly half a percentage point respectively. On the sectoral front, the indices are trading mixed. IT Index is trading as the biggest gainer with the gains of one percentage point. This is followed by Auto Index which is trading with the gain of slightly less than one percentage point. On the other hand, Oil & Gas Index is the biggest looser with the loss of two-third of a percentage point.
Further, the market breadth is positively placed as two stocks were seen advancing against each declining stock.
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