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Indian indices bounced back and broke the 8-day losing streak on Wednesday with Nifty ended near to 10,750 mark helped by metal, IT and oil & gas stocks.
The Sensex was up 403.65 points at 35756.26, while Nifty was up 131.10 points at 10735.50. About 1468 shares have advanced, 1107 shares declined, and 161 shares are unchanged.
Top gainers include Indiabulls Housing, Vedanta, Tata Steel, Adani Ports and Hindalco Industries, while losers are Zee Entertainment, Hero Motocorp, Dr Reddys Labs, HUL and Bajaj Auto.
All the sectoral indices ended in green led by metal, IT, energy, infra, bank, pharma and auto stocks.
HEADLINES OF THE DAY
HCL Technologies wins contract: HCL Technologies has won a five year IT infrastructure and application services contract with EDF Luminus, the second largest electricity producer and energy supplier in the Belgian energy market.
Yes Bank gained 3%: Moody's has affirmed bank's rating, while changed outlook of the company to stable from negative.
TRF to issue preference shares to Tata Steel: The board approved proposal to issue, offer and allot up to 25,00,00,000 12.5% NCRPS of face value of Rs10 each at par aggregating up to Rs 250 crore to Tata Steel on a private placement basis, subject to the approval of the shareholders of the company.
The crucial resistance for Nifty spot is now seen at 10840 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10480.
The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.
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