- Published at
- by economictimes.indiatimes.com
mixed
mixed
Market Trading Guide: Vishnu Chemicals, Bajaj Finserv are stock recommendations for Tuesday - Stock Ideas
Indian markets did a spectacular U-turn on Monday to end the session in the green while breaking their 8-session falling streak. The recovery from day’s low was engineered by heavyweight HDFC Bank while ably supported by Reliance Industries (RIL) and Bajaj Finance. The 30-stock S&P BSE Sensex finished at 75,996.86, gaining by 57.65 points or 0.08% and the broader Nifty rose by 30.25 points or 0.13% to close at 22,959.50.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty closed significantly higher from the day’s low, driven by buying interest at the lower end of the range. However, sentiment remains weak, he said, adding that the heartbeat index failed to reclaim the key Fibonacci retracement level.