INDIAN BENCHMARKS: NIFTY ENDS ABOVE 8800, SENSEX UP 35.47 POINTS
The market ended with minor gains but the Nifty
managed to close above 8800. The 50-share index was up 28.55 points or 0.3
percent at 8808.40 and the Sensex was up 35.47 points or 0.1 percent at
28634.50.
About 1485 shares have advanced, 1255 shares
declined, and 230 shares are unchanged.
TCS, ICICI Bank, Adani Ports, ONGC and Asian
Paints top gainers in the Sensex while Maruti, Bajaj Auto, Hero MotoCorp, Axis
Bank and HDFC Bank are losers in the Sensex.
HEADLINES OF THE DAY
- Credit Suisse downgrades Cadila.
- Bidding for NHAI road assets to begin in October.
- Heritage Foods in talks with Future Group to sell its retail biz.
The
crucial resistance for Nifty spot is now seen at 8850 and above this 8939.
Support for the immediate term is now placed at 8750 and next support will be
8685.
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