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INDIAN BENCHMARKS: SENSEX RISES 577 POINTS NIFTY ABOVE 10300 AS RBI HOLDS POLICY RATES, CUTS INFLATION FORECAST

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Benchmark indices closed sharply higher on Thursday, with the Sensex rising 577.73 points or 1.75 percent to 33,596.80, and the Nifty gaining 196.80 points or 1.94 percent at 10,325.20.

More than three shares advanced for every share falling on the BSE.
Nifty Midcap index was up 380 points or 2 percent.

All sectoral indices ended in the green, with PSU Bank index rising 5 percent. Metal was up 4 percent while Nifty Bank, Realty and Financial Services indices rallied more than 2 percent.

HEADLINES OF THE DAY
Cipla's Indore facility under USFDA audit
L&T Construction bags orders worth Rs3, 376cr
Ashoka Buildcon declared lowest bidder for projects valued at Rs759.84cr

The crucial resistance for Nifty spot is now seen at 10430 and above this 10500. Support for the immediate term is now placed at 10210 next support will be 10050.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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