Markets Recover In Early Trade

The markets which ended in red yesterday, recovered in today's trade with benchmark indices Nifty and Sensex trading up by 0.15% and 0.09% respectively. The overall market breadth was positive as about 1188 shares advanced while 658 shares declined in BSE. As per the stock market disclosure, the foreign investors have bought stocks worth Rs 1698 crore. Meanwhile in the broader markets, BSE mid-cap and small-cap indices outperformed their counterparts with each up by 0.67% and 0.95% respectively.

Tracking the momentum of the sectoral indices, BSE IT led the rally and was up by 0.81%. In today's trade Infosys was up by 1% after the company signed a five year contract with British Petroleum. Larsen and Turbo was up by 1.20% after the company won a Rs 5100 crore supercritical power plant order from MP state utility. Meanwhile Coal India was down by 1.78% and BHEL was down by 1.19%.

Further a mixed trend was seen in the Asian markets. Japan's Nikkei was down by 0.06%, Hong Kong's Hang Seng was down by 0.33%. However China's Shangai was seen trading in green, up by 0.30%.