Market stages recovery in clawing above 5600 levels: Udayan

On Tuesday, the session ended on a positive note with the Nifty at 5,606, up 39 points, while the Sensex closed shop at 18,637, higher by about 130 points. CNBC-TV18's managing editor Udayan Mukherjee feels that the market perked up in last couple of trades, despite the flat session in the beginning of the trade.

He further stated, "The market staged a bit of a recovery in climbing back above 5,600 levels. Volumes are better than yesterday's comatose session as it suddenly lifted in the last hour or two."
Mukherjee suggests keeping an eye on Crompton Greaves. He explained, "Inline with a couple of disappointing results today, the numbers on the face of it looks quite disappointing. It was below our expectation which was not expected from Crompton Greaves."
Mukherjee elaborates on Crompton Greaves numbers as basic numbers saying, "This clocks down as a disappointment as the topline number is not looking strong and the profits are down. The stock is 3% lower at Rs 235," he aaded.