INDIAN BENCHMARKS: SENSEX DECLINES 90 POINTS, NIFTY 50 HOLDS 8500
Taking cues from the mixed trading seen in other Asian and European markets, the BSE Sensex managed to close with losses of 0.32 per cent, or 90 points, at 27746.66 after briefly reclaiming the 28,000 mark.
The 50-share Nifty50 ended the day lower by 33 points, or 0.34 per cent, to close at 8508.70.
The gains in the Sensex were largely supported by a rally in the shares of Bajaj Auto 2.51 %, Tata Motors -0.05 %, Axis Bank0.94 % and Sun Pharma 0.81 %.
HEADLINES OF THE DAY
HUL Q1 earnings below street estimates, total income, volume disappoints
ICICI Bank: ICICI Prudential files for IPO
Axis Bank surges as FII limit raised
UPCOMING RESULTS: ULTRACEMCO, WIPRO, GLFL, LINDEINDIA
The crucial resistance for Nifty spot is now seen at 8545 and above this 8621. Support for the immediate term is now placed at 8490 and next support will be 8432.