Technology Stocks managed to gain on Monday’s trading session as well. Satyam Computers was trading at Rs 440 with a gain of over 4 percent at 1.20 p.m. Wipro gained decently in today’s trading session. The stock was up by 7 percent at Rs 471. Polaris Software was trading with a gain of nearly 7 percent. Infosys Technologies was also among gainers. The stock was trading with a gain of 4.3 percent. HCL Tech was trading at Rs 280 with a gain of five percent.

After the January Stock market meltdown, many mid-cap companies and other stocks have lost in big percentage. However, after today’s trading session, most of Technology counters are trading around their levels before the stock market correction.

Among other gainers on Stock exchanges was GMR Infra. The stock was trading with a gain of 7% at Rs 187. The stock has been recommended by many technical experts. The stock is good as a long term investment as the group is fundamentally strong.

Pharmaceutical Major Ranbaxy was also among major gainers in Today’s trade. The stock gained over 4 percent and was trading at Rs 375 at 1.20 p.m. Cipla and Dr. Reddy were also trading higher than their close on Friday.

Bank of India gained over 5 percent. SBI was also among gainers on BSE. Select Banking stocks were up as buying continued since morning.

Major Technology counters including Satyam Computers, Infosys, Wipro, TCS and Polaris Software gained on Friday as well.

The stock markets are expected to close today with a gain of nearly 3 – 4 percent. The buying in select counters may continue tomorrow as well. The global markets may decide the future of Indian Stock markets over the next week.

Technical Analysts believe that the current bounce may be just a technical re-bound and selling could be seen at higher levels.