Indices Bounce Back, Healthcare Leads

The Indian markets witnessed a good recovery in mid-session today. The same scenario was seen in the market the Shanghai market, which closed higher by 46 points. The Sensex and Nifty closed in positive territory at 27931 and 8495 was up 100 points and 28 points respectively. Both the indices closed with a positive bias of 0.35 percent.

The advance-decline ratio ended positive in the closing session. On the NSE, 1492 shares closed in green, while 1388 shares ended the day in red.

Top 5 Nifty Gainers: ACC saw the highest gains of 4.2%. Sun Pharma, Lupin, Wipro and HCL Tech were the others trading higher.

Top 5 Nifty Losers: Hindalco closed down by 3.09%, followed by SBI, Coal India, Bank Baroda and PNB.

10 of the 13 sectors ended in the green. The Healthcare index was the top gainer, up by 470 points.Consumer Durables, Capital Goods and Auto also ended in the green, up by around 100 points each. Mid-Caps and Small-Caps were both up by 25 points. However Bankex and Metal continue with the profit booking trade, down by 100 points. 

The Asian markets closed on a mixed note. The Nikkei market was the top loser, down by 331 points. The Hang Seng was lower by 307 points, and Straits Times and Taiwan also ended on a negative note. However Shanghai composite witnessed good recover, up by 46 points. 

Buzzer: ACC surge by more than 4% and made intraday high at 1454 The scrip crossed its physiological level of Rs 1450 and closed around its major hurdle. Going ahead if stock breaks Rs 1455 level may see further upmove in the counter.

The Nifty index closed above the 8500 level, indicating a positive move ahead.