The major Indian equity benchmarks started the day with a gap up on July 5, 2013. This was on the back of positive international cues. European markets rallied on Thursday with over 2-3 percent gains as both the European Central Bank (ECB) and the Bank of England left key policy rates unchanged at record lows. US markets were shut on account of their Independence day. Asian markets were positive in morning trade on Friday. Since ECB gave future guidance also for key rates, this enthused the market. Hindustan Unilever hits all-time high at Rs 632 per share as the parent company Unilever acquired a little over two-thirds of HUL following the close of a voluntary tender offer, falling short of its plan to raise its stake to as much as 75 percent. The market has opened on a strong note on second consecutive day. All these led the Sensex to trade near the level of 19561.60 i.e.up by151.06 points & the Nifty to trade near the level of 5878.95 i.e. up by 42 points. The Midcap index and small cap index are trading in green with the gain of nearly one percentage point and more than eight-tens of a percentage point respectively. On the sectoral front, all the indices are trading in green. The Realty Index is trading as the biggest gainer with the gain of nearly two percentage points. This is followed by the FMCG Index which is trading with the gain of more than one and half a percentage point. On the other hand IT index is the smallest gainer with the gain of nearly four-tens of a percentage point.
Further, the market breadth opened negative as three stocks are seen advancing against each declining stock.