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Below the Quote on Post Market by Akshay Chinchalkar, Managing Partner and Head of Markets Strategy at the Wealth Company

"The Nifty rose 0.5% and settled at 23114, a much-needed bounce after yesterday's plunge. The Bank nifty however ended largely flat at 53427. That said, even though the nifty rebounded, it couldn't hold onto the day's highs and generated a "doji" candle with a long upper shadow. This simply means that the area of today's highs is where supply exists, for now. The weekly candlestick has also become a doji showing intense selling pressure for the week. Elsewhere, the India VIX ended flat. 

Speaking derivatives, the front-month nifty saw a build up of fresh longs, while the bank nifty saw a small build up of short positions. 

Speaking sectors, seven of the 12 main NSE sectors rose. IT was the best performing sector and jumped 2.2%, while Realty stocks were the worst hit, as they ended down 0.9%."

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