INDIAN BENCHMARKS: SENSEX DOWN YET AGAIN BY 274 POINTS,NIFTY 50 CLOSED AT 7612
The domestic equity market saw a fresh bout of selling on Wednesday as investors grew increasingly concerned about a possible delay in the passage of the goods and services tax (GST) bill and the slump in crude oil prices. Market watchers may already be preparing themselves for another session of no-action on the GST front.
The S&P BSE Sensex slipped 274 points, or 1.08 per cent, to close at 25,036 while the 50-stock barometer Nifty Trading Tips50 ended at 7,612, down 89 points, or 1.12 per cent. Vedanta and Tata Steel were the top losers in the BSE benchmark
HEADLINES OF THE DAY
- Havells plans to divest majority stake in Sylvania
- CESC drops post winning Pune franchise of IPL
- BHEL up after govt says no divestment plans
The crucial resistance for Nifty SPOT is now seen at 7685 and above this 7732. Support for the immediate term is now placed at 7540 and next support will be 7469.
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