INDIAN BENCHMARKS: SENSEX RALLIES OVER 120 POINTS, NIFTY 50 AT 8127
The S&P BSE Sensex rallied over 150 points on Tuesday, led by gains in HDFC Bank, RIL, Axis Bank, HDFC, and L&T. The Nifty50 reclaimed its crucial level of 8,150 supported by gains in realty, power, oil & gas, metal, consumer durable, and capital goods stocks.
The market ended with gains but the Nifty ended below 8150. The 50-share closed up 33.15 points or 0.4 percent at 8127.85 and the Sensex is up 121.59 points or 0.5 percent at 26524.55. About 1579 shares have advanced, 1020 shares declined, and 189 shares are unchanged.
Lupin, HUL, ITC, M&M and Bharti Airtel were top gainers while Tata Motors, Wipro, Sun Pharma, TCS and Adani Ports were top losers in the Sensex.
HEADLINES OF THE DAY
Bharti Infra proposes buyback of shares from July 12.
Bajaj Finserv likely to buy out Allianz’s stake in insurance JV.
RPG Life Sciences enters into cosmetology.
The crucial resistance for Nifty spot is now seen at 8167 and above this 8215. Support for the immediate term is now placed at 8085 and next support will be 7990.