Today’s trading session records recovery in Sensex with 434 points. According to Kishor Oswal of Mumbai-based CNI Research and Stock Broking, the day witnessed a steady move because of the short coverings and additional buying was seen from FIIs as they were churning their portfolio.

He further said that if crude prices continue to fall and Infosys give positive guidance then Nifty may cross the 6,000pmark.

In the early hours of the day, Sensex opened at low of 19,101. In the meantime, the BSE benchmark index headed northwards as the day progressed and recovered into green. Towards the end of the day, forceful buying in auto, banking and capital goods stocks bring the index up to a high of 19,731. In the end, Sensex closed with a gain of 434 points at 19,696 and the Nifty added 125 points at 5,911.

An uptrend in the market has been forecasted by Aditya Birla Money, and expects the Nifty to face resistance at 6,000-6,050 levels, with a support at 5,860-5,800 levels.