Benchmark indices closed higher after two-day consolidation. The 30-share BSE Sensex gained 241.17 points at 28984.49 and the 50-share NSE Nifty rose 66.20 points to 8945.80.
The market breadth was positive as about 1630 shares advanced against 1220 declining shares on the BSE. Tata Steel, M&M, Sun Pharma, Dr Reddy's Labs, ITC, Hindalco and Kotak Mahindra Bank rallied 2-3.6 percent while NTPC, Tata Motors, GAIL, BHEL, Bharti Airtel, Idea Cellular and Eicher Motors were under pressure.
HEADLINES OF THE DAY
Wipro board likely to consider share buyback proposal
Eicher Motors Royal Enfield February 2017 sales grow 19% YoY
Zee Entertainment completes first phase of sale of TEN Sports.
The crucial resistance for Nifty spot is now seen at 8970 and above this 9010 Support for the immediate term is now placed at 8910 and next support will be 8865.
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