INDIAN BENCHMARKS: SENSEX UP 39 POINTS AT 27866, NIFTY CLOSED IN GREEN BY 20 POINT
It was a quiet start to the October series as
short covering helped benchmark indices close marginally higher amid
consolidation Friday but the broader markets showed spectacular performance
despite correction in global peers. In previous session, equity benchmarks and
broader markets had fallen 1.6-4 percent on profit booking due to elevated
geopolitical tensions at India-Pakistan border.
The 30-share BSE Sensex was up 38.43 points at
27865.96 and the 50-share NSE Nifty rose 19.90 points to 8611.15 while the BSE
Midcap and Small cap indices surged 2 percent each on strong market breadth.
About 2060 shares advanced against 637 declining
shares on the exchange.
HEADLINES OF THE DAY
- ING sells 2.5% stake in Kotak Mahindra Bank
- Alkem Laboratories gets USFDA observations on Daman plant
- Lovable Lingerie gains as promoters look to sell 15-20% stake
The
crucial resistance for Nifty spot is now seen at 8685 and above this 8730.
Support for the immediate term is now placed at 8540 and next support will be
8475.
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