A
volatile trading session that saw the key equity benchmark gyrate between gains
and losses, ended on a flat note on Thursday.
The
benchmark equity indices traded with heavy gains through the day as a dovish
commentary by the US Federal Reserve sparked a risk-on rally in the market.
However, a capitulation in the European markets saw the benchmark indices give
up most of their gains in last hour of trade.
The
30-share S&P BSE Sensex, which saw a 370-point swing, closed 5.11 points,
or 0.02 per cent lower, at 24,677.37. The Nifty50 closed above its key support
level of 7,500, at 7,512.55.
HEADLINES OF THE DAY
HPCL surges on hike in petrol, diesel.
IRB Infra gets SEBI nod for IRB InvIT Fund.
TCS launches peer-to-peer mobile payment solution with DNB.
The
crucial resistance for Nifty SPOT is now seen at 7550 and above this 7634.
Support for the immediate term is now placed at 7470 and next support will be
7405.
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