INDIAN BENCHMARKS: SENSEX CLOSES 120 POINTS UP,NIFTY 50 ABOVE 8550
The
S&P BSE Sensex gained over 120 points in afternoon trade tracking strong
cues from European markets. ICICI Bank, Maruti Suzuki, GAIL, Power Grid
Corporation, and State Bank of India led the gains in the 30-share pack.
The
NSE's Nifty50 traded above its crucial level of 8,550 led by gains in PSU Banks,
auto, private banks, and FMCG stocks. In fact, barring pharma, all its sectors
were trading in the green.
After
a choppy session, the market has ended at fresh 10-month closing high. The
Nifty has ended above 8550 for first time since August 6, 2015.
The
50-share index is up 45.50 points or 0.5 percent at 8565 while the Sensex was
up 126.93 points or 0.5 percent at 27942.11.
ICICI
Bank, Maruti, BHEL, SBI and ITC are top gainers while ONGC, Infosys, Sun
Pharma, M&M and Dr Reddy's Labs were losers in the Sensex.
HEADLINES OF THE DAY
June WPI Inflation at 1.62% Vs 0.79% (MoM).
Network 18 Media posts weak Q1FY2017 results.
Max India starts trading on BSE and NSE; hits lower circuit.
RESULTS TOMORROW :
INFY,LICHSGFIN,RELIANCE,MASTEK,GOLKONDA
The
crucial resistance for Nifty spot is now seen at 8621 and above this 8655.
Support for the immediate term is now placed at 8540 and next support will be
8490.
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