Indices Hold Gains, Infy Surges.

The Indian markets managed to recover from losses after closing in red for past two trading sessions. The indices like Auto, Capital Good and IT recovered from the lower end, however Bankex and Consumer Durables closed on a negative territory. The Nifty saw up move by 42 points at 7975 and Sensex was up by 138 points at 26631 at closing bell.

The advance-decline ratio on NSE remained same on the both side, as the day ended with 1813 shares in green and 1822 shares in the red zone.

Top Nifty Gainers: Infosys gained 2.46% in today’s trade, followed by Dr Reddys Labs, Tata Power, BHEL and UltraTech Cement. 

Top Nifty Losers: Jindal Steel closed the day lower by 2.27%, followed by BPCL, Cipla, Coal India and Grasim

Most of the sectoral indices closed on a positive note. The Indices like Auto and IT witnessed massive recovery and were up by 178 points and 155 points respectively. Followed by Capital Good stocks which up by 119 points. Mid-Caps and Small-Caps closed on positive note. However Consumer Durables and Bankex closed in negative territory.    

All the major Asian markets had a positive session on the bourses today and ended the day in the upward territory. Hong Kong's Hang Seng closed up by 240 points, while Shanghai Composite, KOSPI and Taiwan ends on the positive side. However the Nikkei market witnessed down move by 22 points,    

Buzzer: Infosys was up by more than 2.4% on the bourses today and closed up at the technical level of Rs 3730. If the stock opens above this level, it may touch Rs 3770/3800 mark in the next few sessions.

Nifty future sustained above the technical level of 7950. If it’s open above 8000 level it may appreciate further.