SENSEX RALLIES 240 POINTS, NIFTY 50 ABOVE 8350

INDIAN BENCHMARKS: SENSEX RALLIES 240 POINTS, NIFTY 50 ABOVE 8350

The market has ended on a higher note. The Sensex closed up 240.85 points or 0.9 percent at 27140.41 and the Nifty closed up 92.05 points or 1.1 percent at 8380.65.

About 1704 shares advanced, 1089 shares declined, and 367 shares were unchanged.

Coal India, Tata Steel, Lupin, ICICI Bank and SBI were top gainers while Bajaj Auto, ITC, Reliance, Wipro and Infosys were losers in the Sensex.

HEADLINES OF THE DAY

• BEL to consider sub-division of shares.
• South Indian Bank Q3 net profit up 10% (YoY).
• Lupin receives FDA nod for Generic Topicort® LP Emollient Cream.

UPCOMING RESULT:  TCS, BAJAJ CORP, CYIENT, ZEE LEARN 

The crucial resistance for Nifty spot is now seen at 8398 and above this 8470 Support for the immediate term is now placed at 8275 and next support will be 8220.

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