Markets stage a smart comeback after opening in the red

After opening with a negative bias, markets have staged a smart comeback in morning trades. Fresh bout of the upswing is likely once Nifty manages to surpass its 10,700-10,730 resistance zone.

Bank Nifty is also staging a gradual recovery after a tepid opening. Immediate resistance is seen around 26,700 levels.

L&T rose as much as 3.52%, the most in over 3 months after its profit beat consensus estimates in March quarter.

Vedanta fell as much as much as 6.21%, also its lowest level in over 11 months, at the opening bell, following orders directing permanent closure of Sterlite plant.

Strides Shasun recovers 6% from lows after co clarifies that there is no truth in the report about the resignation of the auditor.

L&T (+2.54%), TechM (+1.25%), PowerGrid (+0.97%), Gail (+0.85%) were the top gainers on the NSE.

Vedanta (-2.09%), ICICI Bank (-1.57%), Sun Pharma (-1.30%), SBI (-1.16%) were the top losers on the NSE.

Out of 2,036 stocks traded on the NSE, 849 advanced, 725 declined and 462 remained unchanged today.

Rupee opens at 67.61 per dollar as against yesterday's close at 67.43 per dollar.

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