An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Indian companies typically have higher return on equity.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
Markets ended in green on rate cut hope.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
IIP for November 2015 and CPI for December 2015 will be announced today.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
