Benchmark indices ended at record closing high on Wednesday, backed by banks and infrastructure stocks after recapitalization and highway projects boost.
The 30-share BSE Sensex was up 435.16 points or 1.33 percent at 33,042.50 and the 50-share NSE Nifty rose 87.70 points or 0.86 percent to 10,295.40.
The market breadth was negative as about three shares declined for every two shares rising on the BSE.
The market remained strong after mega recapitalization plan for PSU banks and clearance to big highway projects.
HEADLINES OF THE DAY
Kotak Mahindra Bank Q2FY18 standalone net profit rises 22.3% yoy : In-line with Estimates
Lupin received USFDA approval for generic Axiron topical solution
Cabinet approves bank capitalization plan of Rs 2.11 lakh crore over FY18-19.
The crucial resistance for Nifty spot is now seen at 10350 and above this 10521.Support for the immediate term is now placed at 10220 and next support will be 10140.
UPCOMING RESULTS: BIOCON, EQUITAS, GICHSG, JUBLFOOD, MASTEK, SREI INFRA, MCDOWELL, VIJAYA BANK, YESBANK, WHIRLPOOL, CUMMINS
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