The domestic stock market had a roller-coaster ride all through Thursday, gyrating between gains and losses in response to mixed global cues. But it finally ended on a positive note.
The Sensex and Nifty50 opened on a strong note in morning trade, but pared much of the gains within the first two hours. However, the market picked up momentum in the last hour of trade, as crude prices surged, with the Nifty50 reclaiming the psychologically crucial 7,150 level.
The BSE's 30-share index ended the day at 23,649.22, up 1.14 per cent or 267.35 points. The broader Nifty50 of the NSE closed at 7,191.75 level, up 1.17 per cent or 83.30 points. On Thursday, the Sensex had gained 189.90 points to 23,381.87, while the Nifty50 was up 60.20 points to close at 7,108.45.
HEADLINES OF THE DAY
Britannia to invest Rs900 crore on new Greenfield plants.
Dr.Reddy's board approves buyback of shares; stk gains.
ABG Shipyard jumps on stake sale reports.
The crucial resistance for Nifty SPOT is now seen at 7216 and above this 7271. Support for the immediate term is now placed at 7037 and next support will be 6980.
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