INDIAN BENCHMARKS: NIFTY ENDS AT 8769 POST RBI MONETARY POLICY
After a surprise move by the RBI, the market has ended higher. The Sensex closed up 91.26 points or 0.3 percent at 28334.55 and the Nifty was up 31.05 points or 0.4 percent at 8769.15.About 1686 shares have advanced, 1158 shares declined, and 143 shares are unchanged.ONGC, GAIL, SBI, Tata Steel and Tata Motors were top gainers while Coal India, M&M, L&T, HUL and Axis Bank were lower in the Sensex.
HEADLINES OF THE DAY
RBI cuts Repo by 25 bps.
Hero MotoCorp sales volumes up 11%.
Sun Pharma to continue growing revital brand.
The crucial resistance for Nifty spot is now seen at 8825 and above this 8895. Support for the immediate term is now placed at 8685 and next support will be 8630.