BENCHMARKS: SENSEX ENDS FLAT AFTER TOUCHING 25000, NIFTY 50 ABOVE 7600
The S&P BSE Sensex pared gains after rallying over 100 points on Wednesday. The sentiment on the Street was supported by positive cues from other Asian and European markets.
The Nifty50 also lost momentum after initial gains but was still trading above its crucial psychological support level of 7,600 led by gains in power, oil & gas, metal, capital goods, and realty stocks.
The broader market traded in line with the benchmarks with the BSE midcap and small cap indices gaining 0.10 and 0.33 per cent, respectively.
The rupee rose 8 paisa to 66.38 against the US dollar in early trade on Wednesday despite weak trading in most Asian currencies.
HEADLINES OF THE DAY
Tata Motors launches Tiago hatchback, Positive for Company
Hindustan Zinc shares plunge 14%, trades ex-dividend
Blue Star enters water purifier biz; eyes 15% market share
The crucial resistance for Nifty SPOT is now seen at 7666 and above this 7740. Support for the immediate term is now placed at 7580 and next support will be 7517.
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