INDIAN BENCHMARKS, D-street: Rollercoaster Ride; Bulls maintain momentum
India's stock markets rose for a 2nd consecutive day, heading for their first back-to-back gains so far this month, as investors continued to buy into beaten-down stocks such as ITC even though sentiment remained broadly cautious. The S&P BSE Sensex and CNX Nifty ended 0.41% and 0.40% higher each.
Major Headlines:
1. Trade deficit shrinks to $ 9.8 bn, exports continue to fall
2. Ramco Aviation launches 'Anywhere' Apps on Mobile
3. R-Infra sells stake in Mumbai power business for Rs3,500 crore
The crucial resistance for Nifty is now seen at 7915 and above this 7955. Support for the immediate term is now placed at 7790 and next support will be 7755.
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