After a massive cut the market has managed to gather some steam on back of positive global cues as Fed has said it doesn't expect to raise rates until 2015. The Sensex is up 156.61 points at 26649.12 and the Nifty is up 45.20 points at 7978.10. The Indian rupee opened higher by 8 paise at 60.97 per dollar on Wednesday versus previous day's closing of 61.05 a dollar. Globally, Wall Street stocks jumped, lifting the Dow industrials to a record, as oil and other commodities surged on a report that China's central bank would increase stimulus and on the view that the Federal Reserve would not rush to hike rates. On BSE, midcap and smallcap are trading mixed with midcap down b 0.15% and Smallcap is trading higher by 0.13% as we write this.
Further the market breadth stands neutral with one stock is seen advancing against each declining shares.
Further the market breadth stands neutral with one stock is seen advancing against each declining shares.
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