INDIAN BENCHMARKS rose 1.6 pct on global rally, tax reform-led short-covering
INDIAN EQUITY BENCHMARKS rose over 1.5% on Thursday to snap their 5-day selling streak as blue chips such as ICICI Bank surged after a global rally and the cabinet's nod to a nationwide sales tax bill led to unwinding of short positions. The S&P BSE Sensex and CNX Nifty ended 1.56%-1.61% higher each.
·Jain Irrigation’s food processing grows by 15%
·IT sector: Oracle’s overall earnings beat expectations
·India's sugar production rises by 47% till December 15
The crucial resistance for Nifty is now seen at 8200 and above this 8275. Support for the immediate term is now placed at 8095 and next support will be 8020.
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INDIAN EQUITY BENCHMARKS rose over 1.5% on Thursday to snap their 5-day selling streak as blue chips such as ICICI Bank surged after a global rally and the cabinet's nod to a nationwide sales tax bill led to unwinding of short positions. The S&P BSE Sensex and CNX Nifty ended 1.56%-1.61% higher each.
·Jain Irrigation’s food processing grows by 15%
·IT sector: Oracle’s overall earnings beat expectations
·India's sugar production rises by 47% till December 15
The crucial resistance for Nifty is now seen at 8200 and above this 8275. Support for the immediate term is now placed at 8095 and next support will be 8020.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
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