Strong market breadth goes on

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key benchmark indices carry on further strength in mid-morning trade supported by fresh buying. At 12:25 pm, the BSE Sensex, was up 123.16 points or 0.45% at 27,240.50. The Nifty 50 index was currently up 44.85 points or 0.53% at 8,436.35.
Gains in index heavyweights L&T and HDFC generated gains on the domestic exchange.

After witnessing a positive rally, the key indices kept on extending gains as the trading momentum progressed. Index heavyweight and HDFC gained 1.41% to Rs 1,276.50. The stock hit peak of Rs 1,279.55 and low of Rs 1,260.35 so far during the day.

Overseas, Asian stocks have been trading on a mixed trend despite uncertainty over U.S President Donald Trump’s policies and his withdrawal from the Trans-Pacific Partnership trade deal. U.S stocks fell yesterday, 23 January 2017, but closed off day lows, since investors eyed for more clarity regarding President Donald Trump’s policies.

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