INDIAN BENCHMARKS: SENSEX JUMPS 100 POINTS, NIFTY 50 ABOVE 8150
The S&P BSE Sensex advanced nearly 100 points in trade on Friday, led by gains in HDFC, HDFC Bank, ITC, and Axis Bank.
The market has ended on a firm note with the Sensex up 100.45 points or 0.4 percent at 26625.91 and the Nifty was up 29.45 points or 0.4 percent at 8170.20. About 1240 shares advanced, 1333 shares declined, and 184 shares were unchanged. Bharti Airtel, TCS, Tata Motors, HDFC and Coal India were top gainers while Sun Pharma, Dr Reddy's, Tata Steel, SBI and L&T are losers in the Sensex.
HEADLINES OF THE DAY
SEBI to consider proposals to relax REIT
Max Financial, HDFC board approve to consider merger
Government levies 20% export duty on raw, refined and white sugar
The crucial resistance for Nifty spot is now seen at 8235 and above this 8262. Support for the immediate term is now placed at 8150 and next support will be 8080.