Here's the simplest explanation to what's been happening at the Markets today

The Nifty and the Sensex came back strongly on Friday as traders bought heavily into beaten down blue chips in the Index that shaved off 2.4 percent in the past four days. Buying returned into major companies after global markets stabilised late yesterday following China's devaluation of its currency earlier this week.

Long positions were also seen in PSU banking shares, led by Punjab National Bank. Here is snapshot how stocks and indices are trading with special emphasis on the futures and options market.

MAJOR INDICES:
Nifty jumped 136 points, or 1.6 percent, to 8,491 points.
Sensex leapt 428 points, or 1.5%, to 27,977 points.
Bank Nifty surged 2.3% to 18,597 points

CNX Realty leapt 6% to 179 points
CNX 500 rose 1.6% to 7,089 points
CNX Midcap added 1.6% to 13,859 points
CNX Small Cap jumped 1.7% to 5,629 points
CNX PSU Bank leapt 3.3% to 3,441 points
CNX Finance was up 2.2% to 7,577 points
CNX Media gained 2.1% to 2,471 points


TOP GAINERS
DLF
HDIL
Adani Ports

TOP LOSERS
Britannia
Divis Labs
Reliance Communications


TOP OI GAINERS
Amara Raja Batteries
DLF
Ceat

TOP OI LOSERS
Mcleod Russell
Indian Overseas Bank
Idea Cellular

TOP TRADED
Reliance Industries
Axis Bank
Sun Pharma


ADVANCE DECLINE RATIOS:
SENSEX: 28/2
NIFTY: 48/2
BROADER MARKET: 1,607/924
FUTURES & OPTIONS: 150/11

Image credit: Indiatimes