INDIAN BENCHMARKS: SENSEX ENDS 172 POINTS HIGH,NIFTY 50 HOLD 7550 LEVEL ON CLOSING BASIS
The domestic equity market on Wednesday made a strong comeback from a nearly 300-point fall, as buying emerged at lower levels.
Earlier, Sensex and Nifty50 had started the day on a strong note, but could not hold on to the gains and plunged to their new 52-week lows at 24,387.69 and 7,425.80 points, respectively.
But an hour before closing, the benchmark indices staged a rally of nearly 500 points on the Sensex to end the day strongly. While Sensex closed the session at 24,854 points, up 0.7 per cent, Nifty50 logged a gain of 52 points or 0.7 per cent to end at 7,562
HEADLINES OF THE DAY
- IIP, CPI data disappoint
- TCS Q3 misses muted expectations, 6th straight quarter of earnings
- SBI to monetize non-core assets over next 3 years
The crucial resistance for Nifty Trading Tips SPOT is now seen at 7610 and above this 7752.Support for the immediate term is now placed at 7487 and next support will be 7440.
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