Several stocks recover from day's lows

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Several stocks recover from day's lows

Markets have rebounded quite sharply after Finance Minister statement on Indian banks. In this smart pullback several stocks like Sakthi Finance Rasi Electrodes, Rashel Agro, Allied Computer, Joindre Capital have recovered more than 30% from their days low.

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Markets have rebounded quite sharply after Finance Minister statement on Indian banks. In this smart pullback several stocks like Sakthi Finance
Rasi Electrodes, Rashel Agro, Allied Computer, Joindre Capital have recovered more than 30% from their days low.

Also liquidity boost across the globe by several banks led to asian markets recovery from their days lows. Sakthi Finance has topped the list with more than 35% recovery from their intraday lows.

The BSE bankex has recovered nearly 7% from day's low. Finance Minister P Chidambaram said that credit crunch in rest of the world will impact the credit availability in Indian market; however, there is no cause for any alarm that any Indian banks is vulnerable. Indian banks are insulated, and there is no reason for any failures.

List below of stocks recovering from intraday's lows anywhere in the range from 20% to 35%.