INDIAN BENCHMARKS: SENSEX ENDS 216 POINTS UP, NIFTY 50 ABOVE 7650
A surge in buying of beaten-down stocks like Reliance Industries, Vedanta, among others ensured that the domestic equity benchmarks snapped their six-session losing streak to close higher on Thursday. The indices shrugged off weak global cues and weakness ahead of the crucial US Federal reserve meet next week.
The S&P BSE Sensex closed higher by 216 points, or 0.86 per cent, at 25,252 while the 50-stock barometer Nifty Trading Tips50 ended at 7,683, up 70 points, or 0.93 per cent. RIL and Tata SteelBSE 2.69 % were the top gainers on the BSE benchmark.
HEADLINES OF THE DAY
- Havells to divest stake in Sylvania; stk up
- Bharat Forge signs supply agreement with Rolls-Royce
- Aurobindo gets approval for Eptifibatide and Levonorgestrel
- Jain Irrigation gains on Rs220 crore contract from Tanzania
The crucial resistance for Nifty SPOT is now seen at 7703 and above this 7775. Support for the immediate term is now placed at 7612 and next support will be 7540.
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