INDIAN BENCHMARKS: SENSEX ENDS 17 POINTS HIGHER,NIFTY SPOT BELOW 7950
The domestic stock market gyrated wildly in a range of 140 points in Monday's trade before closing slightly higher from Friday's close a day ahead of the fifth bimonthly money policy review by the Reserve Bank of India (RBI) and hours before the release of September quarter GDP growth numbers.
Muted trends seen in European and other Asian markets weighed on investor sentiments and made the 30-stock Sensex pare much of the gains to end the day at 26,145, up 17 points or 0.07 per cent. Infosys and Tata Motors were the top gainers on the BSE benchmark. The 50-stock Nifty Trading Tips50 closed at 7,935, down 7 points, or 0.09 per cent.
HEADLINES OF THE DAY
- GDP growth is expected to be at 7.3% vs 7.0% QoQ
- Reliance Infrastructure plans assets sale to be debt free
- IDBI Bank rises on reports of stake sale to IFC
- Eicher Motors’ subsidiary launches two new vehicles
The crucial resistance for Nifty SPOT is now seen at 8003 and above this 8040. Support for the immediate term is now placed at 7877 and next support will be 7812.
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