INDIAN BENCHMARKS end higher on global markets, reforms
INDIAN EQUITY BENCHMARKS extended gains from the previous session and were trading about 2 percent higher on Wednesday, heading towards their highest close in over a week, propped by buoyant global markets. The S&P BSE Sensex and CNX Nifty ended 1.59%-1.70% higher each.
Headlines for the day:
ITC plans to set up three new facilities to expand FMCG biz
US clears TCS, Infosys of charges of visa violation
Cabinet approves spectrum trading across all spectrum bands
The crucial resistance for Nifty is now seen at 7875 and above this 7905. Support for the immediate term is now placed at 7770 and next support will be 7725.