The BSE Midcap and Smallcap indices gained 0.2 percent each on positive market breadth. About 1016 shares advanced against 602 declining shares on Bombay Stock Exchange.
Among the reasons that could pull down the markets, one is the quarterly earnings guidance which he sees as being muted. Tighter liquidity seen in January-March of 2016 will have a bearing on the markets, says Nilesh Shah, MD, Kotak Mahindra AMC.
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