INDIAN BENCHMARKS: Positive close with Smart recovery; Bulls in control

INDIAN BENCHMARKS: Positive close with Smart recovery; Bulls in control

Indian shares rose on Monday, recovering from an earlier fall of 0.5 percent as gains in a few blue chips such as ITC offset a slump in state-run lenders such as Bank of Baroda because of poor quarterly results. The S&P BSE Sensex and CNX Nifty rose 0.64%-0.59% each today.

HEADLINES OF THE DAY

April WPI Positive after 17 months of decline.

Piramal Ent Q4: Net Profit at Rs180.2 Cr.

BF Utilities Q4 net loss at Rs0.38 crore.

Strides Shasun Q4 consolidated net profit at Rs96 cr.

The crucial resistance for Nifty SPOT is now seen at 7905 and above this 7925. Support for the immediate term is now placed at 7825 and next support will be 7795.

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