INDIAN BENCHMARKS: NIFTY ENDS AT 8809, SENSEX CLOSED UP 109
POINTS
Equity
benchmarks gained strength after yesterday's quiet trade, supported by banks,
auto and telecom stocks.
The
Sensex was up 108.63 points at 28532.11 and the Nifty up 35 points at 8809.65.
About 1517 shares advanced against 1209 declining shares on the BSE.
HEADLINES OF THE DAY
Tata Motors' August 2016 standalone sales up 6% yoy; in line with
estimates.
RBI allows Banks to sell stressed assets to NBFCs, other lenders.
Cadila Healthcare gains on receiving EIR from USFDA.
The
crucial resistance for Nifty spot is now seen at 8845 and above this 8940.
Support for the immediate term is now placed at 8680 and next support will be
8635.
UPCOMING
RESULTS: JUBILANTFOOD, TEXMACO RAIL, MRPL, PETRONET, SIMPLEX INDIA
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