INDIAN BENCHMARKS: SENSEX GAINS 270 POINTS, NIFTY 50 CLOSES
ABOVE 7150
The
domestic stock market had a roller-coaster ride all through Thursday, gyrating
between gains and losses in response to mixed global cues. But it finally ended
on a positive note.
The
Sensex and Nifty50 opened on a strong note in morning trade, but pared much of
the gains within the first two hours. However, the market picked up momentum in
the last hour of trade, as crude prices surged, with the Nifty50 reclaiming the
psychologically crucial 7,150 level.
The
BSE's 30-share index ended the day at 23,649.22, up 1.14 per cent or 267.35
points. The broader Nifty50 of the NSE closed at 7,191.75 level, up 1.17 per
cent or 83.30 points.
On
Thursday, the Sensex had gained 189.90 points to 23,381.87, while the Nifty50
was up 60.20 points to close at 7,108.45.
HEADLINES OF THE DAY
Britannia
to invest Rs900 crore on new Greenfield plants.
Dr.Reddy's
board approves buyback of shares; stk gains.
ABG
Shipyard jumps on stake sale reports.
The
crucial resistance for Nifty SPOT is now seen at 7216 and above this 7271.
Support for the immediate term is now placed at 7037 and next support will be
6980.
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