Benchmarks add gains Infra, Power lead
Benchmarks add gains Infra, Power lead
Indian equity markets added gains and continued trading in green in the late afternoon session on account of buying in frontline blue chip counters. The sentiments were on positive note from the early trade after the International Monetary Fund (IMF) in its annual assessment report for the country raised its growth forecast for the current fiscal to 7.2%. Investors have however adopted cautious approach ahead of the release of February CPI and January IIP data, which is scheduled to be released later in the day. Traders were seen piling positions in Infra, Power and Auto stocks. In scrip specific development, Jindal Stainless was trading firm after India’s trade ministry recommended anti-dumping duty on hot rolled flat products of stainless steel imports. ITC was trading in green as the company effected 10 to 25 percent price hikes across cigarettes of various lengths.