The index closed above its 50% retracement of its recent fall, and the next level to watch on the upside is the 61.8% retracement of the fall.
When we look at Nifty Bank is up nearly 200 points, remaining over the 55,000 milestone mark. The broader markets are trading on par and in a relatively better position than the frontline indices.
In addition to these developents, another large IPO, the ₹11,607 crore issue of LG Electronics India, also opens for subscription today.
Watch this space for all the live updates.