Indian markets stays higher on continuous buying activity across the board. Heavyweights like RIL, ICICI Bank, HDFC Bank, L&T, SBI, ONGC and HDFC are the major supporters. The market breadth are in
favour of advances, with 68% shares rising and 28% shares falling. The broader indices are gaining, with Midcap index up by 1.05% and Smallcap index up by 1.26%.
The Growing Expectations for a rate cut from the RBI during its mid-April meeting shows uptrend in Indian market, while rising global equities are raising confidence of foreign investors who will continue to buy the country's stocks.
Among 13 sectoral indices, two sectors are trading in negative. The topmost gainers are - BSe Oil & Gas up by 2.03%, BSE CD up by 1.70% and BSE Bankex up by 1.64%. Loser - BSE IT down by - 0.26% and BSe Auto down by 0.03%.
At 11.23 am, the Sensex was trading at 17638, up by 158 points and the Nifty was trading at 5368, up by 50 points.
....more info
favour of advances, with 68% shares rising and 28% shares falling. The broader indices are gaining, with Midcap index up by 1.05% and Smallcap index up by 1.26%.
The Growing Expectations for a rate cut from the RBI during its mid-April meeting shows uptrend in Indian market, while rising global equities are raising confidence of foreign investors who will continue to buy the country's stocks.
Among 13 sectoral indices, two sectors are trading in negative. The topmost gainers are - BSe Oil & Gas up by 2.03%, BSE CD up by 1.70% and BSE Bankex up by 1.64%. Loser - BSE IT down by - 0.26% and BSe Auto down by 0.03%.
At 11.23 am, the Sensex was trading at 17638, up by 158 points and the Nifty was trading at 5368, up by 50 points.
....more info