INDIAN BENCHMARKS: MARKET EXTENDS GAIN,SENSEX UP 150 POINTS

INDIAN BENCHMARKS: MARKET EXTENDS GAIN,SENSEX UP 150 POINTS

Supported by strong gains in the broader market, the Indian benchmark indices extended gain in afternoon session of day’s trade on Friday, tracking firm cues from Asian peers. The market sentiment got a lift after China abandoned a system of market circuit breakers while refraining from a further reduction in the Yuan’s reference rate, offering some comfort to investors.

The top gainers of  the NSE pack were Tata Motors ,Tata power ,Sun Pharmaceutical Industries 1.66%, TECHM and among others.

Meanwhile, Cipla 2.14%, Coal India 1.84%, Bajaj Auto 1.60%, Adani Ports & Special Economic Zone 1.37%, Larsen & Toubro 1.10%, were among top losers on NSE.

HEADLINES OF THE DAY

Government mulls part stake sale in Axis Bank

Sun Pharma receives tentative approval from USFDA for Lacosamide.

Technocraft Industries to form JV partnership

The crucial resistance for Nifty FUTURE is now seen at 7668 and above this 7695.Support for the immediate term is now placed at 7538 and next support will be 7480.

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