INDIAN BENCHMARKS: SENSEX ENDS 248 POINTS LOWER, NIFTY 50 BELOW
7800
The
domestic equity market slipped on Friday after a less-than-expected stimulus
from the European Central Bank, which on Thursday decided to cut bank lending
rates to minus 0.3 per cent and extend its bond-buying program till March 2017.
The
S&P BSE Sensex tanked 248 points, or 0.96 per cent, to 25,638 while
50-stock benchmark Nifty50 ended at 7,781, down 82 points, or 1.05 per cent.
M&M and HDFC were the top losers on the BSE benchmark.
HEADLINES OF THE DAY
Sun
Pharma announces USFDA approval for Gleevec
Rcom
signs non-binding Term Sheet with Tillman Global
Apollo
Tyres, Eicher operations near Chennai disrupted due to rains
Jain
Irrigation gets shareholders nod to raise Rs400 cr
The
crucial resistance for Nifty SPOT is now seen at 7832 and above this 7879. Support
for the immediate term is now placed at 7765 and next support will be 7725.
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