INDIAN BENCHMARKS-NEWS UPDATES

INDIAN BENCHMARKS: SENSEX 182 POINTS HIGHER,NIFTY ABOVE 7850 LEVEL

The domestic equity market traded with smart gains on Thursday bucking the muted trend seen in other Asian and European markets. Ahead of the expiry of November F&O series, which expired at the end of the trading session, investors initiated fresh positions on the benchmark indices.

The S&P BSE Sensex ended the day with gains of 182 points, or 0.71 per cent, at 25,958 while the 50-stock barometer Nifty Trading Tips50 closed at 7,884, up 52 points, or 0.6 per cent. Tata Motors and Sun Pharma were the top gainers on the BSE benchmark, up 5.6 and 4 per cent, respectively. 

HEADLINES OF THE DAY

• Just Dial surges on buyback of share
• Berger Paints and Nippon Group to strengthen joint venture
• Lupin receives FDA approvals for Loestrin tablets

The crucial resistance for Nifty SPOT is now seen at 7908 and above this 7955. Support for the immediate term is now placed at 7825 and next support will be 7790.