Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.
After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.
Bhupendra Sharma, vice president, Hornic Investments told that, yesterday stock market was within range and ended the day after gaining 59 points.
In the early trades, the market was feeble, as it adopted worldwide cues but recovered in the last trading hours, on the back of trading. Buying was seen in technological stocks.
According to Mr. Sharma, today, if NSE Nifty trades above 4,325, then it may go further up, otherwise market is still in a negative range. He is optimistic on Reliance Industries, Redington and Financial technologies.