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INDIAN BENCHMARKS: SENSEX CLOSES 216 POINTS HIGHER, NIFTY AT 8963

Equity Tips

After a subdued afternoon session, the market has closed higher.  The 30-share Sensex was up 215.74 points at 29048.19, while the Nifty was up 65.90 points at 8963.45.The market breadth remained narrow with 1,503 shares having advanced, 1,414 shares having declined, and 176 shares were unchanged.

Tata Consultancy Services (TCS), Auro Pharma and Grasim were the top losers on the indices.

HEADLINES OF THE DAY
HDIL to divest stake in Excel Arcade.
Dr. Reddy's acquires stake in Imperial Credit.
Cipla agrees to divest animal health business in South Africa.

The crucial resistance for Nifty spot is now seen at 8980 and above this 9020 Support for the immediate term is now placed at 8865 and next support will be 8808.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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