INDIAN BENCHMARKS rise to highest close in nearly 2-1/2 weeks
INDIAN EQUITY BENCHMARKS rose on Thursday, heading for their highest close in nearly 2-1/2 weeks, led by a surge in index heavyweight Reliance Industries for a fifth day, on optimism the company would begin 4G phone services in December. The S&P BSE Sensex and CNX Nifty ended 1.06%-1.03% higher each
Headlines for the day:
Union Cabinet approves interest subsidy of 6.5%
Government hikes import duty on steel products
Cabinet approves hike in MSP of certain farm products
The crucial resistance for Nifty is now seen at 8200 and above this 8255. Support for the immediate term is now placed at 8075 and next support will be 8015.
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