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HDFC, Infy and ITC helps market recover

ifty has moved above the psychologically important level of 10,000. Nifty50 index was trading at 10006 level higher by 13 points while Sensex has also move higher from intraday low at 32302 level, down by 82 points.

HDFC has been helping the market to recover from day’s low level. The stock was trading at Rs 1784 per share, up by 3.21%. IT major, Infosys and FMCG heavyweight, ITC are also lending support to the market. Infosys was up by 2.48% at Rs 996.4 per share. ITC was up by 1.02% at Rs 291.6 per share. Kotak Bank was also in positive territory in the Sensex trading at Rs 1008 per share, up by 1.02%.

On the other hand, ICICI Bank, LT and pharma stocks were trying to drag down the indices. On the broader markets, BSE Mid-cap and Small-cap index were outperforming the major indices and were trading at 15327 and 16077 levels respectively.

There were 786 advances, 861 declines and 318 unchanged stocks on NSE reflecting that bears were dominating on the bourse.