INDIAN BENCHMARKS: SENSEX TANKS 219 POINTS AT CLOSE ON GST UNCERTAINITY, Nifty Trading Tips 50 SOMEHOW HOLDS 7700
Slumping crude oil prices, fears of a slowdown in China and uncertainty over the passage of GST Bill led the equity benchmarks to their 10-week lows on Tuesday.
The S&P BSE Sensex shed 219 points, or 0.86 per cent, to close the day at 25,310 while the 50-stock Nifty50 ended the day at 7,701, down 64 points, or 0.82 per cent. GAIL and Vedanta contributed most of the losses in the BSE benchmark.
HEADLINES OF THE DAY
- RBI sets rupee reference rate at 66.7983 against dollar
- Wockhardt gets QIDP status for WCK 5222
- Tata Motors gains on good JLR sales
- Siemens bags order worth Rs377 crore from Indian Railways
The crucial resistance for Nifty SPOT is now seen at 7775 and above this 7826. Support for the immediate term is now placed at 7626 and next support will be 7545.
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