MARKET OUTLOOK

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At noon, the market appears to have picked up steam and is trading in positive territory. Sensex is trading at 17988, up 31 points from its previous close, and Nifty is at 5407, up 9 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.1%. The market breadth is positive with advances at 662 against declines of 583 on the NSE.