Some selling pressure gripped the market in the last hour of trade as investors may have turned cautious ahead of US Federal Reserve’s policy meet decision later in the day.
The day witnessed some volatile moves. The Nifty was seen eyeing 10,900 at one point during the day. Benchmark indices began the day on a mildly higher, with the Sensex rising around 50 points higher
However, buying counters were ringing in case of PSU banks, pharmaceutical names as well as IT stocks through the day. These further pushed indices higher, with the Sensex gaining over 100 points.
The Sensex closed up 46.64 points or 0.13% at 35739.16, while the Nifty was up 13.80 points or 0.13% at 10856.70. The market breadth was negative as 1278 shares advanced, against a decline of 1371 shares, while 175 shares were unchanged.
HEADLINES OF THE DAY
TCS stock rises 2% after buyback plan
RIL completes acquisition of 73% stake in AI firm EmbibeShakun Polymers files IPO papers with SEBI Dish TV stock rises after block deal.
The crucial resistance for Nifty spot is now seen at 10880 and above this 10960. Support for the immediate term is now placed at 10570 next support will be 10450.
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