These small-cap and mid-cap stocks staged smart recovery from days low!

On Monday, Nifty opened with a 108-point gap-up, owing to good global and local cues. However, it witnessed selling pressure right from the start. Nifty decisively broke the key 17,500 level, only to be dragged down below 17,400 to close at 17,368. Moreover, Nifty ended near the day’s low whereas, India VIX shot up by over 3 per cent.   

Among the sectoral indices, only Nifty IT ended in green. The top gainers of the day included Tech Mahindra and Maruti Suzuki while Bajaj Finance & Bajaj Finserv turned out to be the top losers. The market failed to recover from the day’s low but some stocks showed a good recovery from their lows towards the end. Recovery from the low suggests strong buying zones and these stocks are likely to trend tomorrow.  

So, let us look at the stocks that recovered from the day’s low: