INDIAN BENCHMARKS at six-week closing high; L&T surges
INDIAN EQUITY BENCHMARKS closed at their highest level in six weeks on Monday led by blue-chips such as Larsen and Toubro, which gained after the company signed an agreement with France's Areva for nuclear power projects, while firm cues across the region also helped. The S&P BSE Sensex and CNX Nifty ended 0.57-0.61% higher each.
Headlines for the day:
Maruti Suzuki targets growth of 11% in FY16.
Hero MotoCorp to launch a new scooter in July.
HDIL hits four year high.
The crucial resistance for Nifty is now seen at 8875 and above this 8925. Support for the immediate term is now placed at 8765 and next support will be 8715.
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