The Nifty index has rushed over the 2700 mark in the afternoon trades as the purchasing momentum still remains.

There is an upswing on the benchmark indices. Sectors like capital goods, banking, metal, oil & gas, telecom and technology stocks see buying.

More declines have been seen by the markets, as selling goes on in technology, oil & gas, power, banking, metal, telecom and capital goods stocks.

Domestic equities is likely to make a listless beginning today with feeble stock markets all over Asia and an unsatisfactory cease by Wall Street quickly is possible to have a unhelpful brunt on the investors’ sentiments. Forethought is expected to remain in the market ahead of the termination of February 2009 F&O agreements on Thursday, [...]

Markets performed poorly in the afternoon trades.

Sensex was high by 86.65 points with an up and down of 9,431.81 and 9329.23 in that order.

Domestic equities market in noon-trades sees range as overseas cues were absent as global markets were closed for New Year. The slid in the inflation rate has once again lifted hopes of a rate reduction by the Reserve Bank of India, which boosted interest-sensitive sectors like metal, realty, consumer durables and banking.

The European markets moved forward in the early trades following firm Asian markets. Also the U.S. index futures traded with slight promising gains.

Global trends have influenced Europe markets and have rallied in the opening trades after the U.S. President-elect Barack Obama assured the hugest infrastructure-spending package since the 1950s.

The domestic market may kick start the day on a positive note after yesterday’s last hour disguise, though the mood is expected to remain guarded.