INDIAN BENCHMARKS rebound on hopes Fed will retain stimulus
INDIAN EQUITY BENCHMARKS rose today,recovering from nearly 2-1/2-week lows hit in the previous session, as hopes the US Fed Reserve would keep its stimulus measures boosted exporters such as Infosys and other blue chips.
Apollo Tyres rose 2.91%, after the company said that it is undertaking an exercise to rescue operations of its South African arm.
Further, Eros International Media gained 2 percent after rival Shemaroo Entertainment Pvt's IPO is seen pricing at higher multiples.
The crucial resistance for Nifty is now seen at 7990 and above this 8045. Support for the immediate term is now placed at 7925 and next support will be 7855.
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