INDIAN BENCHMARKS: SENSEX REBOUND IN LATE TRADE, NIFTY ENDS JUST BELOW 10400

Equity benchmarks closed higher for eighth consecutive session Monday, backed by banking & financials. Positive European cues also pushed market higher.

The 30-share BSE Sensex rose 45.20 points to 33,724.44 and the 50-share NSE Nifty gained 9.80 points at 10,399.50.

About 1,591 shares advanced against 1,136 declining shares on the BSE.

Equity benchmarks started off the week on a negative note on Monday, weighed by banks after the S&P retained its India’s rating at BBB- and outlook stable.

HEADLINES OF THE DAY

MindTree moves higher after rating upgrade by a foreign brokerage

Ashok Leyland increases stake in Optare plc to 98.31% post debt conversion

Jewellery stocks gains; PC Jeweller zooms 5.5%.

The crucial resistance for Nifty spot is now seen at 10430 and above this 10500.Support for the immediate term is now placed at 10300 and next support will be 10260.

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

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