Markets move higher after a negative start
The markets started the day in the negative tracking weak global cues but soon changed course due to the positive developments on the Lokpal front and the SEBI takeover codes which was cheered by the markets. At the start, the Nifty had slipped below 5,460 but clawed back to pass the 5,500 levels in the morning trades. Currently the BSE benchmark index is up 56 points at 18,272 after opening down 22 points at 18,187.
In the broader markets, the midcap and the smallcap indices are up 0.6% and 0.7% respectively, outperforming the Sensex which is up 0.4%.
Overnight in the US markets, the indices closed in the red as the lawmakers continue to remain at loggerheads over the nation’s debt crisis. Owing to this standoff, the Dow Jones Industrial Average closed down 0.5% at 12,240, its fifth straight session of losses. For more visit: Business Standard
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