Sensex ends 262 points higher, Nifty well above 10600; Brent crude below $77/bbl, rupee up 60 paise

Benchmark indices extended rally for the second consecutive session as the Sensex was up 261.76 points at 34,924.87, backed by banking & financials, oil, metals and technology stocks.

The 50-share NSE Nifty gained 91.30 points at 10,605.20 while Nifty Midcap index rallied 2 percent, outperforming frontliners Page Industries, Castrol, Adani Power, Avenue Supermarts, Cadila Healhcare, Gateway DIstriparks and MCX surged up to 20 percent.

Granules India fell 5 percent and IDBI Bank declined 2 percent.
The rupee has recovered from the intraday low of 68.28, currently trading at 67.77 against the US dollar, up 57 paise.

HEADLINES OF THE DAY

Hindalco's Novelis to double capacity of its aluminum plant in China

MCX clarifies on merger talks with NSE

United Breweries soars 5% after strong Q4FY18 result

The crucial resistance for Nifty spot is now seen at 10690 and above this 10780 Support for the immediate term is now placed at 10570 next support will be 10510.


UPCOMING RESULTS: -
                                                                CORPORATION BANK,DIVIS LAB, VRL LOGISTIC,AUROPHARMA,BANKINDIA,DREDGING CORP,DBREALITY,LT,NHPC,NMDC,OILINDIA,REC
                                                                                                                                                           

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