INDIAN BENCHMARKS: SENSEX SURGES OVER 600 POINTS, NIFTY 50 ABOVE 7150, TATASTEEL UP 10%
The
benchmark indices climbed over 600 points in trade on Monday after the Chinese
central bank PBoC allayed some fears over depreciating yuan by setting its
fixing at a one-month high.
The
50-share Nifty50 was also trading above its crucial psychological level of
7,150 supported by gains in banking, auto, metals and pharma stocks. The
broader markets traded in line with the benchmark indices with the BSE midcap
and BSE small cap indices trading higher by 2.66 and 3.04 per cent
respectively.
UPCOMING
RESULTS: CASTROLINDIA
HEADLINES OF THE DAY
NMDC
Q3 profit drops by 59% to Rs655 crore
FM
indicates reforms push in PSU Banks
UCO
Bank Q3: Net Loss at Rs1, 497 Cr Vs Profit of Rs303.6 Cr (YoY)
The
crucial resistance for Nifty SPOT is now seen at 7228 and above this 7350.
Support for the immediate term is now placed at 7035 and next support will be
6959.
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