INDIAN BENCHMARKS: SENSEX ENDS 18 POINTS HIGHER, NIFTY 50 UP 11 POINTS AT 8726.60
Equity benchmarks recovered in late trade as the Sensex gained 18.69 points at 28372.23 and the Nifty up 11 points at 8726.60. The broader markets outperformed smartly, rising over a percent.
About 1742 shares advanced against 965 declining shares on the BSE. Banking stocks contributed the most to index recovery.
Reliance Capital and Jain Irrigation were top F&O gainers whereas Castrol and Just Dial were top losers.
HEADLINES OF THE DAY
- CESC Q1FY2017: Earnings flat YoY, but better than estimate.
- Zeel enters into Hispanic market with launch Zee Mundo.
- Sun Pharma buyback to commence on September 22.
The crucial resistance for Nifty spot is now seen at 8750 and above this 8815. Support for the immediate term is now placed at 8680 and next support will be 8603.
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