The Asian markets began the day in the negative but closed higher. European markets are trading in the positive. Taking global cues, the Indian market is also trading firm. The Sensex is at 19731, up 201 points and Nifty is at 5935 up 78 points from the previous close. The CNX Midcap is up 1.6%, BSE Smallcaps is up 3%, BSE Oil& Gas and BSE Consumer Durable Index is up 2.5%. The market breadth is strong with 957 advances against declines of 254 on the NSE.

Nile Ltd. is a long-term story with excellent returns, says Ketan Karani of Kotak Securities, on CNBC TV18. The stock is trading at Rs 248, up 4% on the BSE.