INDIAN BENCHMARKS: SENSEX CLIMBS 444 POINTS NIFTY 50 UP 133 POINTS
Finally, the BSE Sensex ended with a gain of 446 points at 28,978. The BSE Sensex opened at 28,631 touched an intra-day high of 29,013 and low of 28,631.27.Both the Sensex and Nifty saw biggest one-day gains in last two months. The Sensex hits 29,000 for the first time since April 15, 2015. The Nifty also touched 8950. The Sensex is up 445.91 points or 1.6 percent at 28978.02 and the Nifty is up 133.35 points or 1.5 percent at 8943.
About 1614 shares advanced, 1135 shares declined, and 205 shares are unchanged.
Tata Motors, Axis Bank, ICICI Bank, Asian Paints and Tata Steel were top gainers while TCS, Coal India, Wipro, Sun Pharma and ITC were major losers in the Sensex.
HEADLINES OF THE DAY
Jubilant Food slumps around 10% on poor results.
Mindtree tanks 8% on Q1 revenue warning.
Reliance Capital raises Rs 2,000 cr via NCDs.
The crucial resistance for Nifty spot is now seen at 8997and above this 9115. Support for the immediate term is now placed at 8845 and next support will be 8730.
UPCOMING RESULTS: BHEL, CHENNAIPETRO, GAIL, ONGC, SPICEJET, SURYA ROSHNI, ASIAN HOTEL, ALSTOM T&D