INDIAN BENCHMARKS: NIFTY ENDS ABOVE 7850, SENSEX FLAT
The
domestic equity market saw a tepid reaction to the 7th Central Pay Commission
report on Thursday, as investors tried to gauge the full implications of the
same. Skittish trade witnessed in European and other Asian markets also weighed
on investor sentiment.
The
S&P BSE Sensex rallied as many as 217 points in intraday trade, but pared
most of the gains in last hour of trade to close at 25,868, up 0.10 per cent,
or 27 points. The 50-stock barometer Nifty50 gained 14 points, or 0.18 per
cent, at 7,856. Gail and Wipro were the top gainers on the BSE benchmark. The
index ended the week with gains for the first time in four; Sensex gains 257
points, or 1 per cent while Nifty was up 94 points, or 1.21 per cent.
HEADLINES OF THE DAY
- RBI sets rupee reference rate at 66.09 against dollar.
- Jubilant FoodWorks up after partnering with Zippr.
- PTC partners IIFCL to finance infra projects.
The
crucial resistance for Nifty is now seen at 7890 and above this 7945. Support
for the immediate term is now placed at 7797 and next support will be 7730.
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