The
S&P BSE Sensex slipped over 350 points on Tuesday as oil producers agreed
on freezing oil output at January levels. The Nifty50 was trading below its
crucial psychological level of 7,100 after reclaiming 7,200 for a brief period
of time.
Shares
of Gati surged over 7 per cent in trade while those of Emami slipped about 3
per cent. ONGC and Adani Ports & SEZ shares climbed 2 per cent each on the
BSE benchmark.
The
broader market traded in line with the benchmark indices with the BSE midcap
and BSE small cap indices shedding 1.91 and 1.47 per cent, respectively.
HEADLINES OF THE DAY
HCL
signs IT outsourcing deal with Volvo Group
Biocon
gets approval for generic Crestor in Europe
Gati
gains on plan to invest in logistics start-ups
The
crucial resistance for Nifty SPOT is now seen at 7182 and above this 7271.
Support for the immediate term is now placed at 6980 and next support will be
6869.
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