INDIAN BENCHMARKS edge higher; consumer stocks gain
INDIAN EQUITY BENCHMARKS rose for a fifth consecutive session on Monday, marking their highest level in more than two-weeks, led by consumer goods makers such as ITC on hopes slowing inflation and reforms in the upcoming federal budget would boost spending. The S&P BSE Sensex and CNX Nifty ended 0.14%-0.04% higher each.
· Petrol and diesel prices hike by 82 and 61 paise per litre
· JSW Steel records crude steel production of 11.20 Lakh tonnes
· Jan WPI at -0.39%; Positive Surprise
The crucial resistance for Nifty is now seen at 8847 and above this 8925. Support for the immediate term is now placed at 8810 and next support will be 8755.
INDIAN EQUITY BENCHMARKS rose for a fifth consecutive session on Monday, marking their highest level in more than two-weeks, led by consumer goods makers such as ITC on hopes slowing inflation and reforms in the upcoming federal budget would boost spending. The S&P BSE Sensex and CNX Nifty ended 0.14%-0.04% higher each.
· Petrol and diesel prices hike by 82 and 61 paise per litre
· JSW Steel records crude steel production of 11.20 Lakh tonnes
· Jan WPI at -0.39%; Positive Surprise
The crucial resistance for Nifty is now seen at 8847 and above this 8925. Support for the immediate term is now placed at 8810 and next support will be 8755.
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