INDIAN BENCHMARKS record biggest single-day gain in 3 weeks
INDIAN EQUITY BENCHMARKS closed more than 1 percent higher marking their biggest single-day percentage gain in three weeks, as upbeat global markets and a bigger-than-expected rate cut by the central bank on Tuesday continued to boost sentiment. The S&P BSE Sensex and CNX Nifty ended 1.46% and 1.35% higher each.
Headlines for the day:
SBI cuts base rate by 40 BPS to 9.3%
L&T Construction wins order worth Rs1376 cr
Ashok Leyland sells share in IndusInd Bank
The crucial resistance for Nifty is now seen at 8015 and above this 8055. Support for the immediate term is now placed at 7925 and next support will be 7892.