Indian Markets heading towards a positive close
After yesterday's downtrend, Indian Markets recovered smartly today. At 2.20 pm, India's BSE Sensex was 249 points higher at 15,034. Indian market is looking strong and bounces back quickly from the lows. Technical experts are expecting Indian market to close above 15,000 today.
At 2.20, metal counters were trading higher. Hindalco and NALCO were among major gainers with both stocks trading with gains of over 3.5%. Reliance Power was another smart mover. The stock was trading at Rs 160. Suzlon Energy, Tata Steel, BPCL, Jindal Steel, ONGC, BHEL, ITC, SAIL, ACC and Power Grid were trading strong.
Banking stocks were in demand as well. SBI, HDFC Bank, ICICI Bank were trading with decent gains. Tata Power, Tata Motors and Reliance were marginally up. Reliance Industries was swinging between negative and positive during the trading session. Bharti Airtel emerged as another smart mover during the afternoon trade.
Tracking more investments in Indian Markets, Indian currency was also seen trading stronger today. Indian markets should close higher today.