INDIAN BENCHMARKS: SENSEX ZOOMS 290 POINTS, NIFTY CLOSES ABOVE 9200

Equity benchmarks rallied sharply on first day of the week as the Sensex gained 290.54 points or 0.99 percent at 29655.84, supported by HDFC Bank, HDFC, Reliance Industries and L&T.

The Nifty closed above psychological 9,200-mark for the first time since April 12, up 98.55 points or 1.08 percent at 9,217.95.

HEADLINES OF THE DAY

Ultratech Cement Q4FY2017: Higher energy cost affects earnings.

Government levies 6% excise duty on biodiesel.

ONGC aims to increase gas production by 30% to 30bcm.

UPCOMING RESULTS: M&MFIN, PERSISTENT, ZENSARTECH, AXIS BANK, LICHSGFIN, CANFIN HOMES, WIPRO

The crucial resistance for Nifty spot is now seen at 9250 and above this 9295.Support for the immediate term is now placed at 9170 and next support will be 9090.

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