Markets continue to trade positive

The Indian markets continue to trade in the positive zone, with both the bourses up by 0.80%. Weak numbers reported by Bharti Airtel lead to choppy trade in the morning. However, a positive Asian market and the positive opening of the European markets later lifted investor sentiment.

Asian markets were strengthened in the late trading session today on the back of positive news coming in on the debt restructuring plan from Greece. However, investors also remained cautious on the week's earning numbers reported by a few companies.

The European markets opened on a positive note on the back of progress seen on the debt restructuring deal between Greek leaders and their creditors.

Back home, barring Pharma and FMCG, all other sectoral indices are trading with gains between 2.73%-0.18%. Realty, CD and Metals remained the top gainers, up by 2.73%, 1.76% and 1.75% respectively.

Of the Sensex shares, Bharti Airtel continues to trade with 5% losses on back of the poor Q3 results. Barring a few stocks like Cipla, ICICI Bank, ITC and ONGC that are down between 0.45%-1.55%, all other shares are trading positively with gains between 0.53% to 2.86%.

The market breadth, which indicates the overall health of the market, is positive. On the BSE, 1733 shares rose, 1001 shares fell and 94 shares remained unchanged.

We expect the markets to remain positive for the rest of the day.