Markets Recovers, Bankex Surges 1.5%

After the sell-off in last few sessions, the Indian markets recovered back and surged above its important psychological level of 8100. Capital Goods and Bankex helped the indices towards northward direction. Nifty is trading up by 84 points to trade at 8106 and the Sensex trades at 26766 up by 285 points. Both indices opened up in the range of 1.05-1.10 per cent.

Top Nifty Gainers: BHEL is the top gainer in today’s morning session and is trading higher by 3.36%. It is followed by L&T, HCL Tech, ICICI Bank and Bharti Airtel.

Top Nifty Losers: Vedanta is the top loser for today’s morning session and is trading lower by 1.04%. It is followed by Ambuja Cement, Tata Steel, BPCL and ACC.

On the sectoral front 13 out of 13 indices are trading in green. Capital Good index is the top gainer this morning as it surged by 379 points this morning. It is followed by Bankex, Health care and Auto, which were up around 200 points each. Oil & Gas, Metals, Mid-Caps and Small-Caps are also trading higher around 100 points each.

The Asian markets are trading on a mixed note. Hang Seng and Taiwan are showing some strength and trading up by 50 points and 118 points respectively. However the Nikkei index is down by 37 points. KOSPI and the Shanghai Composite were trading nominally negative in this morning.

Buzzers: HCL Tech surged more than 2.3% in morning trading session as the INR continue to fall. The stock broke the key resistance level of Rs 920 and made fresh bullish crossover at Rs 930. If the stock continues to sustain above its resistance level its likely to touch levels of Rs 950 in coming days.

Nifty Future is trading above its resistance level of 8100 mark, however next resistance for the index is in the range of 8135-8160.