Nifty Metal & Nifty PSU Bank surged over 2.5 per cent each while Nifty Bank was seen outperforming Nifty as it advanced over a per cent. 

Indian markets were seen trading near their day's high in the afternoon session, aided by the IT bellwethers - Infosys and TCS.

The level of 15,800 is going to be a strong barrier for the bulls to cross in the near term as 15,800 Call option has seen a massive addition in the open interest. Besides, nearly 44 lakh shares have been added in the open interest in 15,800 Call option strike.  

Footwear stocks seem to have put their best foot forward. Khadim India, Mirza International, Liberty Shoes, and Relaxo Footwears- all four of them are very much in the limelight today.  

What is more striking is that we have witnessed only 90 minutes of trading on Wednesday but the volume activity is spellbound. The stock has registered volumes of more than 8.5 lakh shares, which is the highest in the last 20 trading sessions.   

BL Kashyap & Sons announced that it has secured new orders from domestic unrelated clients, aggregating to Rs 369.17 crore. The announcement was made on Monday after the market hours. The total order inflow during FY2021-22 stands at Rs 504.17 crore.

On NSE, a total of 128 securities hit a fresh 52-week high while on the other hand, there was only one security that had hit a 52-week low. A total of 135 stocks have hit the upper band in the early trading session, while 31 stocks touched their lower band. GPT Infraprojects, MRO-TEK Realty, SREI Infrastructure Finance are some of the stocks which got locked at their respective upper circuits.   

The broader markets, which were seen underperforming in the last couple of sessions, found their mojo back and on Monday, they were seen outperforming frontline indices. As a result, market breadth improved and tilted in favour of advances.   

The broader markets relatively underperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 being down by 1.25 per cent and 1.35 per cent, respectively. Interestingly, India VIX has slipped back below the 15-mark.   

The key benchmark indices recouped the bulk of the losses and were seen trading with modest losses. Nifty has recovered nearly 100 points from the day’s low. Moreover, the advance-decline ratio is in the favour of advances and this is because the broader markets have relatively outperformed.