The Indian markets witnessed a non-stop rally till the closing session. Indices saw a good amount of recovery in today’s trading session. After Auto sector, stock prices of Bankex, Capital Goods and Metals also showed some positive trend and provided a massive amount of strength to the indices. As a result, Nifty went up by 104 points at 6779 and Sensex closed 351 points higher at 22628.

After a positive morning trade, the Indian markets saw superb up-move in the mid session. At this point of hour, Nifty is trading positive by 47 points at 6722 and the Sensex is higher by 167 points to trade at 22445. Auto sector is the outperformer of the day and is up by 1.5%.

Piramal Enterprises announced that it has agreed to acquire an effective 20% equity stake in Shriram Capital, a financial services company, for an aggregate consideration of Rs. 2014 crore.

Reliance Industrial Infrastructure (RIIL) has come up with its Q4FY14 result. The number shows that topline of the company has plunged but the bottomline and the margins during this quarter have surged as compared to the same quarter of previous year. Yesterday the shares of the company on BSE opened at Rs 429.95 and closed at Rs 421.55, down by 1.95% on intraday trading.

The optimism of the TCS management, news flows of the trends in polling for the 121 Lok Sabha seats and overall mixed global cues will lead the markets today. Two consecutive days of incessant selling would have tired out the bears a bit. That could mean a positive open for the markets and a flattish trade to close the week.