Sensex up by 300 points

The Indian markets opened on a strong positive note today on back of the positive cues coming in from the global market. The much awaited MCX IPO got listed on the BSE today, and provided the required boost to the investors' sentiment. Through the week, the markets remained quiet and traded flat on the back of various global events. However, a move towards the much need European aid package indicated some hope for investors in the European region. Both the Sensex and Nifty both are currently trading up by 1.80% and 1.82% respectively.

Other Asian markets are trading on a positive note today on the back of news that the European leaders have received good participation from the bond holders who had agreed to Greek’s debt swap deal.

Among the Sensex shares, ICICI Bank, Tata Steel and Sterlite are leading with gains of 4.15%, 3.76% and 3.57% respectively. Others like Bajaj Auto, Bharti Airtel, BHEL, Coal India, DLF, Hindalco, Jindal Steel, M&M, Maruti Suzuki and L&T are trading with gains between 1.38%-3.54%.

The market breadth, which indicates the overall health of the market, is positive. On the BSE, 1633 shares rose and 390 shares fell. 55 shares remained unchanged.

We expect the markets to remain positive for the day. The European markets are also expected to provide some vital cues on the desired direction of the market trend in the late afternoon session.