The market opened positive with a gap on Thursday, Sensex started the day at 18857.0, up by almost 300 odd points or 1.5% versus the previous close of 18567.55. Nifty also opened higher by more than 100 points at 555.75 and managed to sustain above that. Prices are likely to trade with a positive bias in coming hours and we expect 5650.0 to act as a crucial resistance for the day. The Indian rupee rallied as much as 1.48% to 66.04 per dollar at the time of opening. The hope and excitement over the joining of new RBI Governor had proven stronger for the Indian market. The new Governor set up a number of committees for revising and strengthening monetary policy framework, financial stability, financial inclusion, NPAs and an outside panel of experts headed by former Governor Bimal Jalan to screen applications for new bank licenses. On International front, Dow surged for a second day on Wednesday as a possible military action in Syria was seen as limited and strong auto sales lifted investor confidence in the US economy. European market ended in green too. On BSE, Mid cap and Small Cap are trading positive with midcap up by 1.46% and Small cap added a percent as of now. On Secotral front, Bankex is the dramatic gainer to increase 6.81% while on the flipside, IT is trading down by 2.13%.
Further the market breath remain positive with 1100 shares are seen advancing against 395 declining shares and 75 share are unchanged.
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