After gap down opening indices showed strength and touched yesterday’s day high in the first half of the session. However, Bears came in action which resulted Indices to give up all gains and closed below their opening levels in the latter half of the session.

Indian markets witnessed a range bound session for the day. NSE Nifty 50 rose 44.40 points or 0.26 per cent to close at 17,152 level while S&P BSE Sensex closed around the opening levels with gains of more than 150 points. Nifty Midcap 100 and Nifty Smallcap 100 rose 0.28 per cent and 0.54 per cent respectively.

  A roller coaster ride for the day, Nifty dropped almost 220 points to touch its recent lows then bounced 160 points in second half of the day to close at 16,988 level