INDIAN BENCHMARKS: SENSEX CLIMBS 170 POINTS AHEAD OF FED MEETING
The NSE benchmark index climbed for the second trading session on Tuesday to reclaim the crucial psychological level at 7,700, as brisk buying seen across European markets boosted investor confidence on Dalal Street ahead of the two-day Fed rate-setting meeting.
Selling in banking stocks was offset by buying in other index heavyweights such as Reliance Industries, Hindustan Unilever BSE 2.28 %, Tata Motors BSE 2.04 % and ITC, which made sure the indices end at the day's high.
BSE benchmark Sensex climbed 170.09 points, or 0.68 per cent, to close at 25320.44. The NSE barometer, Nifty Trading Tips50, settled at 7,700.90, up 50.85 points, or 0.66 per cent.
HEADLINES OF THE DAY
- RBI sets rupee reference rate at 67.0435 against dollar
- Sun Pharma surges after divestment of US manufacturing unit
- Voltas wins National Energy Conservation Award 2015
- Jet Airways up after launch of daily non-stop services
The crucial resistance for Nifty SPOT is now seen at 7770 and above this 7825. Support for the immediate term is now placed at 7627 and next support will be 7585.
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