Nifty Recovers; Anuj Singhal: 26100 Close Could Spark One-Sided Rally

• Indian market showed strong recovery after a gap-down, with Nifty gaining over 125 points and Bank Nifty recovering approximately 400 points.
• ITC, HUL, Infosys, SBI, banking, FMCG, PSU Bank, and Consumer Durables stocks led the market recovery, while Auto and Capital Market stocks were under pressure.
• The Rupee recovered from record lows (90.79 against dollar) due to a better-than-expected November trade deficit of $24 billion.
• Expert Anuj Singhal states that today's market closing is crucial; a close above Nifty 26,100 could trigger a one-sided rally.
• ONGC shares fell 3% to a 7-month low after Axis Capital initiated coverage with a 'Sell' rating.

Why It Matters: Today's Nifty closing above 26100 is key for a major market rally.