Nifty, Sensex recovers from lower ends

From last two consecutive sessions, the Indian markets have shifted to a recovery mode. Index continued to witness up moves, however it has closed around the major hurdle. The Nifty surged to close 83 points up at 7887 levels and the Sensex was up by 83 points at 25772 level. Both the indices closed on a positive note, up around 0.30 per cent each.   

The advance-decline ratio was on the negative side in the closing session. On the NSE, 1233 shares closed in green; while 1345 shares ended the day in red.

Top 5 Nifty Gainers: Dr Reddy's Labs closed the day as the top gainer on the NSE, up by 2.9%. It is followed by Axis Bank, HUL, Grasim and L&T, which were the others that closed the day on a positive note.

Top 5 Nifty Losers:  Tata Motors was the top loser, down by 2.5%, followed by Tata Motor DVR, Hindalco, NTPC and ONGC.

Majority of the sectors saw good amount of buying at the closing session. Capital Goods was the top gainer for the day, up by 198 points. It is followed by the Bankex and Consumer Durables indices, which were up over by 116 points and 80 points respectively. Also Mid-Caps and Small-Caps saw some up moves. However Auto, Metals and Oil & Gas  ended on a negative note.  

On the Asian front, The Nikkei ended the day up by 349 points, followed by the Hang Seng, which closed higher by 85 points. The Taiwan and KOSPI too ended on a positive note.

Buzzers: Axis Bank. From last few sessions stock saw heavy volatile trade and has recovered from the lower level of around Rs 460. In today's session scrip broke its major hurdle which was at Rs 485. Going ahead if stock sustains above this level, it may see Rs 500 in further trading session.

The Nifty Future closed above 7900 level, which is also a positive indicator for tomorrow’s opening buzz.