INDIAN BENCHMARKS Amtek Auto slumps 35 pct to hit lowest since 2001
INDIAN EQUITY BENCHMARKS rose more than 1 percent on Thursday, snapping their three straight sessions of losses, as investors bought beaten-down stocks while upbeat U.S. markets overnight also improved sentiment. The S&P BSE Sensex and CNX Nifty ended 1.22%-1.37% higher each.
Headlines for the day:
August Services PMI improves
Strong growth in MHCVs while motorcycles and tractors stutter
Valuations become attractive post-correction
The crucial resistance for Nifty is now seen at 7875 and above this 7905. Support for the immediate term is now placed at 7790 and next support will be 7755.