Taking Stock: Chinese liquidity push, manufacturing PMI help Nifty bounce back

Indian market recouped losses to climb back over crucial support levels on Monday. The Niftty50 bounced back after breaching a 200-days moving average (DMA) on the downside while the S&P BSE Sensex rose over 100 points.

Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 136 points to 39,872 while the Nifty50 rose 46 points to close at 11,707.

Sectorally, action was seen in consumer discretionary, realty, auto, and metal index while profit-taking was seen in the IT index.