INDIAN BENCHMARKS rise over 1 pct tracking firm global peers ahead of Fed
INDIAN EQUITY BENCHMARKS rose over 1 percent marking its biggest daily gain in nearly 2-1/2 weeks, tracking higher global shares on hopes weak economic data would prompt the U.S. Federal Reserve to leave options open on the timing of an interest rate hike. The S&P BSE Sensex and CNX Nifty ended 1.05%-1.04% higher each.
· FM: CAD below 1% of GDP in 2015-16
· Tata Motors spurts on revival hopes
· Idea Cellular gains on fund buying
The crucial resistance for Nifty is now seen at 8770 and above this 8825. Support for the immediate term is now placed at 8640 and next support will be 8570.
INDIAN EQUITY BENCHMARKS rose over 1 percent marking its biggest daily gain in nearly 2-1/2 weeks, tracking higher global shares on hopes weak economic data would prompt the U.S. Federal Reserve to leave options open on the timing of an interest rate hike. The S&P BSE Sensex and CNX Nifty ended 1.05%-1.04% higher each.
· FM: CAD below 1% of GDP in 2015-16
· Tata Motors spurts on revival hopes
· Idea Cellular gains on fund buying
The crucial resistance for Nifty is now seen at 8770 and above this 8825. Support for the immediate term is now placed at 8640 and next support will be 8570.
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