The market has extended its rally with the Nifty comfortable above 7800. The 50-share is up 96.50 points or 1.2 percent at 7829.95. The Sensex is up 324.89 points or 1.3 percent at 25553.39. About 1343 shares have advanced, 498 shares declined, and 74 shares are unchanged.
Fourth quarter earnings that have come in so far look positive to in line, on average, though some negative surprises may lurk in the second half of the season, says Sanjeev Prasad, Executive Director, Kotak Institutional Equities.
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