The major Indian equity benchmarks started the day on a positive note on May 15, 2013.The international cues were strongly positive.US markets closed at record high on Tuesday, S&P 500 gained a percent to reach a new record high of 1650 and European market also pared losses to close at 5-year highs. Asian markets were subdued on Wednesday, but Japanese market surged 2 percent on Yen weakness. Post opening, benchmarks gathered further strength and moved up breaking the highs formed on Tuesday. The strong dollar also helped markets recover. All these have led the Sensex to trade near the level of 19943.84i.e.up by 221.55 points & the Nifty to trade near the level of 6062.25. I.e. up by 69.85 points. The Midcap index and small cap index are trading in green with the gain of nearly nine-tens of a percentage point and eight-tens of a percentage point respectively. On the sectoral front, all the indices are trading in green. The Bankex Index is trading as the biggest gainer with the gain of nearly one and seven-tens of a percentage point. This is followed by the Realty Index which is trading with the gain of nearly one and six-tens of a percentage point. On the other hand, IT Index is the smallest gainer with the gain of one-tens of a percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against each declining stock.
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