Equity benchmarks rallied for the second consecutive session on Tuesday as the Nifty closed above 9,300 for the first time ever.
The Sensex surged 287.40 points or 0.97 percent to 29,943.24 and the Nifty gained 88.65 points or 0.96 percent at 9,306.60, backed by banking & financials, FMCG and Reliance Industries.
However, TCS fell 0.8 percent on rupee appreciation.
HEADLINES OF THE DAY
Arvind launches ready-to-wear brand in Gujarat, Karnataka.
Glenmark gets USFDA clearance for IND application.
Indian Bank reports Q4 good quarter.
UPCOMING RESULTS: KPIT, KSB PUMP, LAXMI VILAS, GIC HSGFIN, TATA SPONGE, STERLITE TECH
The crucial resistance for Nifty spot is now seen at 9333 and above this 9390.Support for the immediate term is now placed at 9230 and next support will be 9170.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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