INDIAN BENCHMARKS: SENSEX ENDS 17 POINTS HIGHER,NIFTY SPOT BELOW
7950
The
domestic stock market gyrated wildly in a range of 140 points in Monday's trade
before closing slightly higher from Friday's close a day ahead of the fifth
bimonthly money policy review by the Reserve Bank of India (RBI) and hours
before the release of September quarter GDP growth numbers.
Muted
trends seen in European and other Asian markets weighed on investor sentiments
and made the 30-stock Sensex pare much of the gains to end the day at 26,145,
up 17 points or 0.07 per cent. Infosys and Tata Motors were the top gainers on
the BSE benchmark. The 50-stock Nifty50 closed at 7,935, down 7 points, or 0.09
per cent.
HEADLINES OF THE DAY
GDP
growth is expected to be at 7.3% vs 7.0% QoQ
Reliance
Infrastructure plans assets sale to be debt free
IDBI
Bank rises on reports of stake sale to IFC
Eicher
Motors’ subsidiary launches two new vehicles
The
crucial resistance for Nifty SPOT is now seen at 8003 and above this 8040.
Support for the immediate term is now placed at 7877 and next support will be
7812.
TO deal in stock market along with Stock Tips it is also very important to have good understanding of benchmarks.
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