Asian markets are trading strong and European markets are also looking good. Good global cues lend strength to the Indian market. Sensex is trading at 16474, up 126 points and Nifty is at 4930, up 55 points from the previous close. The CNX Midcaps index and BSE Smallcaps index are both almost up 0.7%. The market breadth is positive with 836 advances against 372 declines on the NSE
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