The major Indian equity benchmarks started the day with a gap up on April 9, 2013 on the back of relatively stronger international cues. The US markets reversed their early losses to end near session highs in thin trading on Monday. Even Japanese stocks added to their gains today as the dollar is toying with 100 to the yen. The BOJs aggressive bond buying program that began on Monday went through smoothly. Post opening, benchmarks are seen consolidating in the similar range. This week is going to be an eventful week as trade balance data (March), IIP numbers (February) and Infosys earnings (Jan-Mar quarter) are all slated to be announced this week. All these led the Sensex to trade near the level of 18465.43 i.e. up by just 27.65 points & the Nifty to trade near the level of 5565.30 i.e. up by 22.35 points. The Midcap index and the small cap index are trading in green with the gain of more than half percent each. On the sectoral front, the indices are trading mixed. Realty Index is trading as the biggest gainer with the gains of one percentage point. This is followed by Metal Index which is trading with the gain of slightly less than one percentage point. On the other hand, IT Index is the biggest looser with the loss of more than one and quarter 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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