INDIAN BENCHMARKS: SENSEX ENDS 217 POINTS UP,NIFTY 50 ABOVE 7800
The domestic equity market witnessed a smart rebound in Monday's session to wipe out initial losses and end 200 points higher amid buoyancy in Asian and European stocks and a bullish indication from US stock futures
The S&P BSE Sensex opened the holiday-truncated week with a 100-point loss, but recovered within the first hour of trade, as banking and metal stocks gained weight to lift the mood of the market. ICICI Bank, Hero MotoCorp, ITC, M&M and ONGC were among the index heavyweights that supported the rally. The stocks gained 3.2%, 2.2%, 2.6%, 2.6% and 3.2%, respectively.
HEADLINES OF THE DAY
Sun Pharma receives warning letter for Halol facility
Titagarh hopes to secure 25% of Railways wagon order
Cipla launches generic hepatitis C drug 'Hepcvir-L' in India
The crucial resistance for Nifty SPOT is now seen at 7860 and above this 7912 Support for the immediate term is now placed at 7746 and next support will be 7685.
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