Many stocks which opened with a decline were able to recover during the day as there was no major adverse news flow. This is one factor which indicated that the underlying mood among investors was changing.
A good festive season would ensure that the 3Q numbers in January would be elevating. Perhaps the govt, more than anybody else, would be hoping that this turns out to be the case.
Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 per cent. Yes Bank, HCL Tech and TCS, however, bucked the downtrend by rising up to 5.56 per cent.
