INDIAN BENCHMARKS: SENSEX RALLIES 333 POINTS, NIFTY 50 RECLAIMS
7700
The
S&P BSE Sensex surged 333 points to reclaim its crucial psychological level
of 25,000 on Monday, led by gains in ITC, HDFC, and ICICI Bank.
The
Nifty50 breached its crucial mark of 7,700, supported by gains in consumer
durable, realty, banks, auto, and oil & gas stocks.
The
broader market rallied in line with the benchmarks, with the BSE midcap and
small cap indices gaining 1.40 and 1.36 per cent, respectively, for the day. A
sharp rise in the Chinese market, gains seen on Dow Jones futures and positive
trading in European markets, boosted the market sentiment.
The
rupee continued its winning streak for the fourth session by rising 4 paisa to
66.46 against the US dollar on Monday, despite mixed cues from Asian currency
markets.
HEADLINES OF THE DAY
Zee Entertainment in talks to acquire Reliance Broadcast.
Aurobindo receives USFDA approval for Naproxen Sodium Tablets.
Persistent Systems, IBM tie-up to contribute 15-20% to revenue in
FY17.
The
crucial resistance for Nifty SPOT is now seen at 7730 and above this 7801.
Support for the immediate term is now placed at 7614 and next support will be
7585.
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