Sensex recovers 400 pts from day’s low, Nifty above 7900

The market recouped all its early losses amid consolidation. The Sensex recovered nearly 400 points from day’s low, to trade at 26082.20, up 49.82 points. The Nifty rose 27.55 points to 7908.25.

The broader markets like BSE Midcap and Smallcap gained 0.5-1 percent. About 1322 shares have advanced, 784 shares declined, and 71 shares are unchanged on the Bombay Stock Exchange.

Asian markets mood was lifted by the liquidity easing measures by China despite negative handover from US. Nikkei and Shanghai gained nearly 3 percent.

Lupin gained 3 percent as it received USFDA nod for anti-inflammatory drug Diclofenac Sodium.

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Posted in: Indian Market Tips