INDIAN BENCHMARK Bulls spring a New Year surprise: Nifty nears 8400
INDIAN EQUITY BENCHMARKS rose more than 1% on Friday, heading towards their sixth straight session of gains, helped by banking stocks ahead of an industry meet while a survey showing manufacturing activity expanded at its fastest pace in two years in December also boosted sentiment. The S&P BSE Sensex and CNX Nifty ended 1.38%-1.35% higher each.
India December HSBC Mfg PMI at 2 year high
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The crucial resistance for Nifty is now seen at 8480 and above this 8550. Support for the immediate term is now placed at 8415 and next support will be 8358.
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