INDIAN BENCHMARKS Amtek Auto slumps 35
pct to hit lowest since 2001
INDIAN EQUITY BENCHMARKS rose more than 1
percent on Thursday, snapping their three straight sessions of losses, as
investors bought beaten-down stocks while upbeat U.S. markets overnight also
improved sentiment. The S&P BSE Sensex and CNX Nifty ended 1.22%-1.37% higher
each.
Headlines
for the day:
August
Services PMI improves .Strong growth in MHCVs while motorcycles and tractors stutter.
Valuations become attractive post-correction .
The crucial resistance for Nifty is now seen at 7875 and above this 7905. Support for the immediate term is now placed at 7790 and next support will be 7755.
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