INDIAN BENCHMARKS: SENSEX, NIFTY ENDS AT 18 MONTHS CLOSING HIGH
The market has ended at new 18-month closing high. The Sensex ended above 29,000 for the first time since April 13, 2015. The Nifty Midcap index ended at record closing high.
The Sensex was up 118.92 points or 0.4 percent at 29045.28, and the Nifty closed up 34.55 points or 0.4 percent at 8952.50.About 1591 shares advanced, 1161 shares declined, and 199 shares were unchanged. IT index was down 2.5 percent while TCS, BHEL, Wipro, GAIL and Infosys were losers in the Sensex.Among gainers were Sun Pharma, Bajaj Auto, Tata Steel, Maruti and Hero MotoCorp.
HEADLINES OF THE DAY
IRB Infrastructure files for Rs4300 crore IPO.
Aviation sector to see investment of $6 bn.
ONGC Q1 net dips 21% at Rs4, 232 crore.
The crucial resistance for Nifty spot is now seen at 8997 and above this 9115. Support for the immediate term is now placed at 8845 and next support will be 8730.
UPCOMING RESULTS: COALINDIA, GSPL, GUJARAT GAS, JP ASSOCIAT, MAN INDISUTRIES, TIMKEN, SOBHA, TITAGARH WAGON, ZEE MEDIA