The market has seen a sharp recovery post afternoon getting strength from European markets that opened in the positive. The recovery has also been led by banking, metal and oil and gas stocks. Sensex is trading at 16998, up 212 points and Nifty is at 5047, up 58 points from the previous close. CNX Midcap index is up 0.91% and BSE Smallcap index is up 0.34%. The market breadth is positive with advances at 727 against declines of 533 on the NSE.
if nifty goes above 5100 than mkt will come out of all range bound situation and will lead more upward till 5280-5400
shreenivas
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