The stock market looks to recover, but there seems to be an underlying inconsistency

SENSEX and NIFTY ingreen

After a bloodbath on the first trading day of the week yesterday,the stock market has gotten hold of itself and is attempting to recover. Both benchmarkindices, SENSEX and NIFTY are in green.

Also, SENSEX is staying above the important level of 40,000.

The fear index, INDIA VIX, is down and this should indicatethat the investors’ confidence may be coming back.

Large-caps leadingthe recovery

Unlike yesterday, when all three market caps wereparticipating in the downfall, today’s upmove is being fueled by large caps,specifically the stocks in the NIFTY NEXT 50.

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Additionally, the small-cap stocks have decided to notparticipate in the upmove and are pulling down the markets, with its indexNIFTY SMALLCAP 50 down 0.38%.

Performers andlaggards

Stocks in automobiles, private banks, financial services andFMCG are leading the markets. Stocks in IT and public banks are taking the marketsdown.

Kotak Bank surprises with about 10% increase and GEPIL hasfallen about 20% and GARBFIBRES has dropped about 12%.