Positive Global Cues to the rescue of Indian Markets - Cholamandalam Securities

Indian Markets registered gains breaking a 5 day losing streak buoyed by positive sentiment in Asian and European markets. The market breadth was negative. Except the BSE FMCG index, all the other sectoral indices on BSE were in the green.

Most ADA Group shares advanced. Reliance MediaWorks (up 4.90%), Reliance Infrastructure (up 4.64%), Reliance Capital (up 3.59%), Reliance Power (up 3.53%) and Reliance Broadcast Network (up 2.41%), edged higher.

Jindal Stainless jumped 9.03% after the company announced that it signed an MOU with POSCO to mutually cooperate with each other for long-term joint business opportunities.

The S&P BSE Mid-Cap index rose 0.53% and the S&P BSE Small-Cap index rose 0.01%. Both these indices underperformed the Sensex.

Source : Equity Bulls

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