INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT AHEAD OF FED MEET.
A whimsical market ended flat on Tuesday despite swords of an impending Brexit and the two-day US Federal Reserve meet hanging on its head.
The BSE Sensex closed at 26,395.71, down 1.06 point or 0 per cent after falling for as much as 220.64 points intraday. The Nifty50 settled at 8,108.85, down 1.75 points or 0.02 per cent.
Globally, markets were weak ahead of the Fed's rate-setting meet where it is largely expected to maintain status quo on interest rates.
At home, the wholesale inflation was positive for the second straight month. The WPI inflation for the month of May was reported at 0.79 per cent as compared to 0.34 per cent in April.
HEADLINES OF THE DAY
May WPI Inflation at 0.79%.
Bharti Infratel announces buyback of equity shares.
Havells signs agreement to acquire 70% stake in Promptec.
The crucial resistance for Nifty spot is now seen at 8163 and above this 8216. Support for the immediate term is now placed at 8070 and next support will be 7995.
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