INDIAN BENCHMARKS: SENSEX RALLIES 331 POINTS, NIFTY 50 ABOVE 8200
In a late rally triggered by cabinet decisions on SBI merger and National Civil Aviation Policy. The Sensex was up 330.63 points or 1.2 percent at 26726.34, and the Nifty ended 97.75 points or 1.2 percent at 8206.60.
About 1660 shares have advanced, 961 shares declined, and 170 shares are unchanged. NTPC, SBI, L&T. Maruti and Bharti Airtel were top gainers in the Sensex while Dr Reddy's Labs, M&M, Sun Pharma, Adani Ports and Axis Bank were losers.
HEADLINES OF THE DAY
Bharti Airtel, Singtel join hands to provide data network coverage.
Aurobindo gets USFDA nod for minocycline hydrochloride.
M&M aims to double market share in MHCV segment.
The crucial resistance for Nifty spot is now seen at 8235 and above this 8262. Support for the immediate term is now placed at 8156 and next support will be 8080.