INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT AHEAD OF FED MEET.
A
whimsical market ended flat on Tuesday despite swords of an impending Brexit
and the two-day US Federal Reserve meet hanging on its head.
The
BSE Sensex closed at 26,395.71, down 1.06 point or 0 per cent after falling for
as much as 220.64 points intraday. The Nifty50 settled at 8,108.85, down 1.75
points or 0.02 per cent.
Globally,
markets were weak ahead of the Fed's rate-setting meet where it is largely
expected to maintain status quo on interest rates.
At
home, the wholesale inflation was positive for the second straight month. The
WPI inflation for the month of May was reported at 0.79 per cent as compared to
0.34 per cent in April.
HEADLINES OF THE DAY
May
WPI Inflation at 0.79%.
Bharti
Infratel announces buyback of equity shares.
Havells
signs agreement to acquire 70% stake in Promptec.
The
crucial resistance for Nifty spot is now seen at 8163 and above this 8216.
Support for the immediate term is now placed at 8070 and next support will be
7995.
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