Overall pattern setup suggests that trend could remain intact while decline could be bought to continue its upward journey, experts said.
In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.
The top Nifty gainers include ICICI Bank, Asian Paints, IndusInd Bank, Titan Company and Larsen & Toubro while Tata Motors, Cipla, Infosys, Bharti Airtel and BPCL are the top losers.
From the IT space, TCS jumped 4 percent followed by HCL Tech, Tata Elxsi, Tech Mahindra, Wipro, Oracle Financial Services and Birlasoft.
The top Nifty gainers include GAIL India, ITC, Maruti Suzuki, Cipla and Adani Ports while IOC, Indiabulls Housing, Bharti Airtel, Bajaj Finance and Larsen & Toubro.
Bluelotus Capital Advisors LLP bought 55,000 shares of Hi-Tech Pipes at Rs 266.18 per share.
Rollover data clearly indicates that the banking index is very light on positions and fresh build-up in coming days will decide the further trend in the banking index.
FIIs which turned net sellers in Indian Capital markets in August, September and October pulling out nearly Rs 60,000 crore in the last three months turned net buyers in November.
The company reported weak earnings with a 38 percent fall in the revenue.
The company reported a Q2 standalone net profit of Rs 93.72 crore, down 37.76 percent from the same quarter last year.
After the repayment, the company's net debt declined to Rs 4,064 crore as on June 30.
The top gainers among Nifty constituents were Tata Motors, Bajaj Auto, Bajaj Finserv, State Bank of India and Coal India.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 49 points or 0.46 percent. Nifty futures were trading around 10,780-level on the Singaporean Exchange.
As per March quarter-end data, the promoters hold around 57.63 percent stake in the company. LIC holds about 1.93 percent.
The market breadth was in favour of the declines with 772 stocks advancing while 900 declined and 370 remained unchanged. On the other hand, in the BSE, 1190 stocks advanced and 1396 declined and 131 remained unchanged.
67 stocks hit new 52-week low including names like Alok Industries, Orient Cement, Idea Cellular, IDFC Bank, Suzlon Energy and Vakrangee among others.
The market breadth was in favour of the advances with 834 stocks advancing while 806 declined and 403 remained unchanged. On the other hand, in the BSE, 1187 stocks advanced and 1200 declined and 109 remained unchanged.
The market breadth was in favour of the advances with 830 stocks advancing while 742 declined and 465 remained unchanged. On the other hand, in the BSE, 1031 stocks advanced and 856 declined and 69 remained unchanged.
The top Nifty gainers included GAIl India which was up 3 percent followed by M&M and Axis Bank which added 2 percent each. The other gainers included Hindalco Industries and ICICI Bank.
The market breadth was in favour of the advances with 954 stocks advancing while 724 declined and 378 remained unchanged. On the other hand, in the BSE, 1279 stocks advanced and 1140 declined and 107 remained unchanged.
The market breadth was in favour of the declines with 694 stocks advancing while 1014 declined and 339 remained unchanged. On the other hand, in the BSE, 1082 stocks advanced and 1509 declined and 131 remained unchanged.
88 stocks hit new 52-week low including names like BEML, Chennai Petro, Hindustan Petroleum Corporation, HCC, Idea Cellular, India Cements, Mahanagar Gas, Strides Shasun, Suzlon Energy and Vakrangee among others.
The market breadth was in favour of the declines with 778 stocks advancing while 793 declined and 464 remained unchanged. On the other hand, in the BSE, 874 stocks advanced and 839 declined and 73 remained unchanged.