Indian Stock,MCX,Commodity Trading Analysis

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The market continued to be marginally higher in morning trade with the Sensex rising 78.91 points to 25101.07 and the Nifty climbing 23.50 points to 7694.90. Pharma, banking & financials, auto and oil & gas stocks gained while metals stocks lost shine. The BSE Midcap and Smallcap indices outperformed, rising over 0.7 percent as more than two shares advanced for every share declining on Bombay Stock Exchange.

Shares of fertiliser, irrigation, seed and two-wheeler manufacturers, rallied sharply a day after private weather forecaster - Skymet - predicted above average rains this year. Monsoon rains are important because they provide water to half of the country's farmlands that lack irrigation facilities.