Sensex trading strong, Europe opens on mixed note

The Indian markets have continued their positive run, extending their early morning gains. The Sensex is up by 0.74% at 17732.63, while Nifty is up by 0.8% at 5368.25.

Other Asian markets are also trading on a strong note, with the exception of Hang Seng, which has slipped back marginally into negative territory.

Meanwhile, the European markets have opened on a mixed note. DAX is in the green zone, but FTSE and CAC are both trading negative.

Among the sectoral indices, the interest rate-sensitive Realty index has gained 4.7% so far. Metals and CG are up by 2% each. Oil & Gas is the only sector that is marginally down by 0.01%.

24 of the 30 Sensex stocks are trading in positives. DLF is the top gainer, up by 3%. SBI, BHEL, Sterlite Industries and Hindalco Industries are all up by 2% following DLF.

Among the ‘A’ group stocks, Unitech has surged by 11.73%. NMDC is also trading with over 6% gains. JSW Steel, Union Bank, REC and MRPL have gained by 5% each.

The market breadth, which indicates the overall health of the market, is positive. Out of a total of 2837 stocks, 1893 stocks advanced, 839 stocks declined and 105 stocks remained unchanged.

In our opinion, the markets will remain positive ahead in the day.