Vinod Nair, Head of Research at Geojit Financial Services, "Domestic market is now focusing on global trends for future direction due to lack of domestic triggers. Negative vibes in the developed market and aggressive comments from Fed officials have shaken the ongoing optimistic trend across the globe. Despite a late attempt of recovery, the domestic market largely traded with a negative shade, in all sectors except PSU banks."

“Retail investors participation into these sectors (midcaps and smallcaps) have largely been aided through the IPOs which are back on track, as also with the basket-based portfolio opportunities that are provided by various platforms,” said Anand Varadarajan, director at Asit C. Mehta Financial Services.

SBI Cards and Payment Services, Indus Towers, Tata Chemicals, REC, Aditya Birla Sun Life AMC, V-Guard Industries, Tamilnad Mercantile Bank, PNB Housing Finance, Latent View Analytics, PC Jeweller, Lloyds Steels Industries, Indian Metals & Ferro Alloys, Supreme Petrochem, Gangotri Textile

Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “After showing sharp weakness on Tuesday, Nifty shifted into a sustainable upside bounce amidst volatility on Wednesday and closed the day higher by 140 points. Intraday buying emerged from the day's low of 16960 levels, and the market continued its upside momentum till the end.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “After showing sharp weakness on Tuesday, Nifty shifted into a sustainable upside bounce amidst volatility on Wednesday and closed the day higher by 140 points. Intraday buying emerged from the day's low of 16960 levels, and the market continued its upside momentum till the end.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “After showing sharp weakness on Tuesday, Nifty shifted into a sustainable upside bounce amidst volatility on Wednesday and closed the day higher by 140 points. Intraday buying emerged from the day's low of 16960 levels, and the market continued its upside momentum till the end.

Rama Phosphates, Kotyark Industries Ltd., Himadri Speciality, Fineotex Chem and Lemon Tree Hotels, hit their fresh 52-week highs at 11:21AM.

The Nifty Bank index was trading 0.96 per cent up at 38119.4.

In the Nifty50 index, 34 stocks were trading in the green, while 16 stocks were in the red.

In the Nifty 50 index, 33 stocks were trading in the green, while 17 stocks were trading in the red.

The Nifty Pharma index was trading 0.5 per cent up at 13047.85.

The Nifty Auto index was trading 0.33 per cent down at 12902.55.

The Nifty IT index was trading 0.51 per cent up at 29934.6.

In the Nifty pack, 31 stocks were trading in the green, while 18 stocks were trading in the red.

The Nifty Realty index was trading 0.65 per cent up at 439.4.

In the Nifty pack, 30 stocks closed in the green, while 20 stocks ended in the red.

The Nifty Auto index closed 1.05 per cent up at 12252.5.

The Nifty Pharma index closed 0.93 per cent up at 12564.85.

In the Nifty 50 index, 30 stocks ended in the green, while 20 stocks closed in the red in today's trade.

The Nifty Bank index closed 0.98 per cent up at 35469.65.

In the Nifty50 index, 30 stocks closed in the green, while 20 stocks ended in the red.

Bharti Airtel, TCS, HCL Tech, Infosys and Wipro were among the top losers on NSE.

Gujarat Fluorochem, Himadri Speciality, PC Jeweller, Shalimar Paints and Sumitomo Chemical, hit their fresh 52-week highs at 10:24AM.

Himadri Speciality Chemical rallied 15.88 percent to Rs 73.35 and formed strong bullish candlestick pattern on the daily charts with higher than average volumes. Even on weekly basis, there was a bullish candle formation and on the monthly scale, the stock has seen Bullish Engulfing pattern, indicating positive trend.

MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average called the ‘signal line, is plotted on top of the MACD to indicate ‘buy or ‘sell opportunities.

Share your videos with friends, family, and the world

Share your videos with friends, family, and the world