INDIAN BENCHMARKS: SENSEX CLOSED 190 POINTS HIGHER ON INFOSYS BOOSTER, NIFTY CLOSES ABOVE 7900
When the market opened on Monday after a five-day break, Infosys and its ilk and select realty stocks played magic on Dalal Street, lifting the benchmark indices to four-and-a-half month highs.
The market saw a decent start to the day as the S&P BSE Sensex surged 200 points while the NSE's Nifty50 reclaimed the key psychological level of 7,900. But the equity indices pared the gains soon after with the Nifty50 even slipping into the red zone at one point.
The market then recovered steadily, with the Nifty50 comfortable floating above the 7,900 level. The 30-share Sensex closed the day at 25,816.36, up 0.74 per cent or 189.61 points, while its 50-share counterpart gained 64.25 points or 0.82 per cent to end at 7,914.70.
HEADLINES OF THE DAY
LIC Housing Q4 net profit up 18% (YoY)
Alkem Labs slumps facing trial by German regulator
Aditya Birla subsidiary to sell 15% stake in company
The crucial resistance for Nifty SPOT is now seen at 7980 and above this 8116. Support for the immediate term is now placed at 7749 and next support will be 7652.
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