Index opened day with gap down but managed to grab the bullish stream in second half and closed a day at 15576 with minimal gains & formed a small bullish candle on daily chart.
A good support lies at 15300 and as long as that level holds on a closing basis, the market trend is in the hands of the bulls.
Selling was witnessed in financials, IT and FMCG stocks but it reduced towards the close of trading.
Indices staged a smart recovery in late afternoon trade after being in the red for the most part of the day.
The market witnessed some lackluster movement and an attempt to hold the support level around the Nifty 50 Index level of 15500.
Sun Pharmaceutical Industries today announced that one of its wholly owned subsidiaries has entered into a license agreement with Ferring Pharmaceuticals Pvt.