The global market effect is at work yet again. With the Dow rising for a third straight day and the Asian bourses looking good this morning, our markets have taken it from there. The Sensex is quoting at 17800, higher by 1439 points and the Nifty has again recaptured the 5300 mark and is now at 5338, up 41 points. The midcap index is at 7313, higher by 61 points and the smallcap index is at 9309, up 74 points.
Wall Street had ended higher on the third consecutive session as investors were encouraged to see jobless claims fall and a handful of large retailers report solid sales. The Dow was up 120 points at 10,138, Nasdaq was up 15 points at 2,175 and S&P 500 was up nine points. And the Asian markets have opened in the green; Hang Seng has emerged stronger by 159 points and Nikkei has added six points in early trades.
Bharti Airtel (strengthened by 5.1% at Rs 295), RCom (rose 2% at Rs 191) and DLF (added 1.2% at Rs 285) are the leading gainers on the BSE. Infosys, Sterlite and Jindal Steel are the other significant gainers. And index heavyweight RIL has edged higher by 0.6% at Rs 1063.
On the loser's side, Maruti weakened by 0.2% at Rs 1400, Cipla shed 0.2% at Rs 338 and Hindustan Unilever lost 0.1% at Rs 265.
The market breadth is positive. Out of 1632 stocks trade on the BSE, there are 1310 advancing stocks as against 284 declines.
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