Indian Stock Markets recovered during the end of trading session after opening lower due to global market conditions. After win of Barack Obama, US stocks tanked and witnessed sharp correction due to selling pressure. European markets also closed with major loss yesterday.

In today's trade, Asian stocks also closed lower. USD has claimed lost ground against Indian currency after yesterday's fall. USD-INR was trading at 54.53. Euro-INR was trading at 69.39.

NSE Nifty closed 21 points lower at 5738 after breaking 5700 in first hour of trade. BSE Sensex closed 56 points lower at 18846.

Among major gainers were Tata Motos, Bharti Airtel, Wipro and Asian Paints. Tata Motors jumped 5.4% on back of high volumes. The company declared better-than-expected results for second quarter. Also, analysts were upbeat about the future of JLR unit. The company reported 20 per cent increase in revenue.

Major losers included GAIL, Larsen, Tata Power and Reliance Infra. European markets have opened positive today after yesterday's fall.