Benchmark Indices Trade In Green In The Morning Session

After ending on the red note, the benchmark indices Sensex and Nifty gained momentum in the early trade today. The benchmark Sensex was up by 0.14% while Nifty was up by 0.12%. The market breadth on BSE was positive overall with 1623 stocks in advance while 1052 shares declined. All the indices were seen trading in green except for power and realty sector. BSE mid-cap and small-cap outperformed the benchmark indices and was up by 0.60% and 0.73% respectively.

Tracking the momentum of shares, the top gainers in the rally was led by SpiceJet after the data released by Directorate General of Civil Aviation (DGCA) on Wednesday after SpiceJet became the second largest airline. Zee Entertainment rose around 3% after its deal with NSE, that it will replace United Spirit in Nifty index. However, the metal shares were trading lower after the government announced to raise the rates on minerals. Shares of United Spirits were also seen trading in red, down by 2% in the early trade. The company also failed to announce its earnings for the fiscal year March 2014.

Further a mixed trend was seen in the Asian markets. Japan's Nikkei was seen trading in green, up by 0.85%. While Honk Kong's Hang Seng and China's Shanghai was seen trading in red, down by 0.73% and 0.69% respectively.