INDIAN BENCHMARKS: SENSEX ENDS 184 POINTS ON GST HOPES, NIFTY 50 ABOVE 8650
Equity benchmarks rallied sharply in late trade with the Sensex rising 184.29 points to 28208.62 and the Nifty climbing 50.50 points to 8666.30.About 1489 shares advanced against 1160 declining shares on the BSE.
Asian Paints, Maruti Suzuki, ITC, Sun Pharma, TCS, Bharti Infratel and Eicher Motors surged 1-6 percent while Tata Steel, Adani Ports, L&T, Lupin, Tech Mahindra and Aurobindo Pharma fell 1-4 percent.
HEADLINES OF THE DAY
GST - Consensus are building on clearance of GST bill
Escorts Q1 net profit up 33% (YoY)
Sintex Ind Q1: Cons Net Profit +11.8% at Rs76 Cr Vs Rs68 Cr (YoY)
The crucial resistance for Nifty spot is now seen at 8788 and above this 8843. Support for the immediate term is now placed at 8540 and next support will be 8485.