INDIAN BENCHMARKS: SENSEX SURGES IN RELIEF RALLY POST FED
LIFTOFF, ENDS 310 POINTS UP
A
relief rally in global stock market pulled the domestic equity market higher on
Thursday as the benchmark indices surged smartly through the day. Echoing the
sentiments seen on other Asian and European markets, investors at home breathed
a sigh of relief over the passing of this most-awaited financial event of the
year.
The
S&P BSE Sensex rallied smartly to close the day at 25,803, gaining 310
points, or 1.21 per cent while the 50-stocks barometer Nifty50 ended the day 93
points, or 1.21 per cent, higher at 7,837. Tata Steel and Vedanta, were the top
gainers on the BSE benchmark. The overall market breadth remained upbeat with
25 of the BSE30 stocks closing the day in the black.
HEADLINES OF THE DAY
US
FED finally announced rate hike of 25 bps.
Aurobindo
Pharma receives USFDA approval for Methylprednisolone.
HUL
sign’s agreement with Mosons group to acquire Induleka.
The
crucial resistance for Nifty SPOT is now seen at 7912 and above this 7979
Support for the immediate term is now placed at 7825 and next support will be
7746.
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