INDIAN BENCHMARKS, Bulls claw back: Nifty above 7800
India's stock markets bounced back to post its biggest single-day percentage gain in a month on local media reports that the government would discuss a roadmap to roll out the proposed goods and services tax (GST) next month. The S&P BSE Sensex and CNX
Nifty Trading Tips ended 0.58% and 0.57% higher each.
Major Headlines:
- October WPI at -3.81%
- JLR October 2015 global wholesale volumes up 26.9% YoY
- Petrol price hiked by 36 paise; diesel up 87 paise .
The crucial resistance for Nifty is now seen at 7865 and above this 7905. Support for the immediate term is now placed at 7705 and next support will be 7675.
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