Mumbai: The market is trading higher. At 10:58 am, the Sensex was up 54.63 points at 9672.37 witht the Nifty up 17.70 points at 2917.55. The CNX Midcap Index is up 36.80 points at 4213.30.
The market breadth is positive, about 1420 shares have advanced, 599 shares declined, and 56 shares are unchanged.
Technical analysts say that the markets are clearly in an uptrend and a slight dip cannot change that scenario.
The BSE Consumer Durables Index has outperformed the other indices. It is up 2.77 per cent amid gains in Mirc Electronic, Su-Raj Diamonds, Blue Star, Samtel Color and BPL.
Pharma stocks including Apollo Hospital, Matrix Lab, Lupin, Glenmark, Ranbaxy Labs, Biocon, Sun Pharma and Dr Reddy's Labs have also firmed up. The BSE Healthcare Index is up 1.03 per cent.
Buying is also seen in several metal, banking, oil and auto stocks.
The BSE Metal Index is up 0.91 per cent and the BSE Bankex is up 0.89 per cent. The BSE Oil and Gas Index is up 0.82 per cent and the BSE Auto Index is up 0.77 per cent.
Gains are also seen in some capital goods and technology stocks. However, select FMCG stocks have lost ground.
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