Buying momentum continued on the first trading day of the New Year as traders cheers on lower Inflation

Buying momentum continued on the first trading day of the New Year as traders bought shares in metals and rate sensitive sectors. Broader markets continued to outperform the benchmarks. Markets continued with their northward journey on account of sustained buying activity during the previous two hours of trade.

Stocks from the telecom, steel and software sectors are leading the pack of gainers, while select stocks from the energy and pharma sectors are trading weak. The overall advance to decline ratio is poised at 3.6:1 on the BSE.

Meanwhile, inflation for the week ended December 20 dipped to 6.38 per cent against previous week of 6.61 per cent.