INDIAN BENCHMARKS: MARKET MAKES A LATE COMEBACK, SENSEX CONTINUES WINNING STREAK, NIFTY 50 ABOVE 7700
Domestic equity benchmark Sensex staged a smart rebound from a 200-point loss, as buying emerged in the dying hours of the session and helped Dalal Street buck weak cues from the European markets.
Earlier the market had tanked in knee-jerk response to a serial blasts in the Belgian capital city of Brussels, which infused weakness in European markets.
The S&P BSE Sensex ended the session higher by 45 points, or 0.18 per cent, at 25,330 while the 50-share Nifty50 closed at 7,715, up 11 points or 0.14 per cent.
The BSE benchmark traded with losses for a large part of the session, slipping 201 points at one point before staging a pullback.
HEADLINES OF THE DAY
SBI raises Rs500 cr via tier-ll bonds
Infibeam IPO subscribed 21% on Day 1
Bharti Airtel to close $179 million telecom tower deal
The crucial resistance for Nifty SPOT is now seen at 7730 and above this 7801. Support for the immediate term is now placed at 7614 and next support will be 7585.
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