INDIAN BENCHMARKS: SENSEX RALLIED OVER 450 POINTS, NIFTY ABOVE 7850

INDIAN BENCHMARKS: SENSEX RALLIED OVER 450 POINTS, NIFTY ABOVE 7850

After a tepid showing over the past two weeks when the benchmark indices declined up to 3 per cent, the equity market made a strong comeback on Monday.

The domestic equity indices blazed through key support levels, rallying on global cues.

The S&P BSE benchmark Sensex surged over 400 points, or 1.54 per cent, while the Nifty50 reclaimed its crucial support level of 7,850, gaining 1.2 per cent.

UPCOMING RESULTS TOMORROW: ZEEL, CENTURY PLY, TRIVENI TURBINE, SKF INDIA, ALCHEM, SRF, MOREPEN LAB

  

HEADLINES OF THE DAY

HUL Q4 net profit up 7% (YoY); volume growth disappoints.

ITC gains on commencing Cigarette production.

Greaves Cotton Q4FY16 Results: Posts in line numbers.

The crucial resistance for Nifty SPOT is now seen at 7890 and above this 7925. Support for the immediate term is now placed at 7735 and next support will be 7697.

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