INDIAN BENCHMARKS: SENSEX CLIMBS 170 POINTS AHEAD OF FED MEETING
The
NSE benchmark index climbed for the second trading session on Tuesday to reclaim
the crucial psychological level at 7,700, as brisk buying seen across European
markets boosted investor confidence on Dalal Street ahead of the two-day Fed
rate-setting meeting.
Selling
in banking stocks was offset by buying in other index heavyweights such as
Reliance Industries, Hindustan Unilever BSE 2.28 %, Tata Motors BSE 2.04 % and
ITC, which made sure the indices end at the day's high.
BSE
benchmark Sensex climbed 170.09 points, or 0.68 per cent, to close at 25320.44.
The NSE barometer, Nifty50, settled at 7,700.90, up 50.85 points, or 0.66 per
cent.
HEADLINES OF THE DAY
RBI
sets rupee reference rate at 67.0435 against dollar
Sun
Pharma surges after divestment of US manufacturing unit
Voltas
wins National Energy Conservation Award 2015
Jet
Airways up after launch of daily non-stop services
The
crucial resistance for Nifty SPOT is now seen at 7770 and above this 7825.
Support for the immediate term is now placed at 7627 and next support will be
7585.
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