BENCHMARKS: SENSEX ENDS FLAT AFTER TOUCHING 25000, NIFTY 50
ABOVE 7600
The
S&P BSE Sensex pared gains after rallying over 100 points on Wednesday. The
sentiment on the Street was supported by positive cues from other Asian and
European markets.
The
Nifty50 also lost momentum after initial gains but was still trading above its
crucial psychological support level of 7,600 led by gains in power, oil &
gas, metal, capital goods, and realty stocks.
The broader market traded in line with the benchmarks with the BSE
midcap and small cap indices gaining 0.10 and 0.33 per cent, respectively.
The rupee rose 8 paisa to 66.38 against the US dollar in early
trade on Wednesday despite weak trading in most Asian currencies.
HEADLINES OF THE DAY
Tata Motors launches Tiago
hatchback, Positive for Company.
Hindustan Zinc shares plunge 14%,
trades ex-dividend.
Blue Star enters water purifier biz;
eyes 15% market share.
The
crucial resistance for Nifty SPOT is now seen at 7666 and above this 7740.
Support for the immediate term is now placed at 7580 and next support will be
7517.
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