The key domestic benchmark indices extended gains during the noon trading session buoyed by fresh buying in information technology and select financials. The 30-share benchmark index surged 237 points, while NSE Nifty was trading up by 37 points, around its crucial psychological level of 8750. Investors got some support from Reserve Bank of India Governor, Someone said that India should not settle for anything less than double-digit economic growth in the medium term after making substantial progress in securing its macroeconomic fundamentals since late 2013.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2865 shares traded, 1350 shares advanced, 1376 shares declined while 139 remained unchanged.