CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS rose more than 1.5 percent on Monday, marking their biggest daily gain in about 1-1/2 months as rate sensitive stocks advanced on hopes that improvement in monsoon may lead to an earlier-than-expected rate cut by the central bank. The S&P BSE Sensex and CNX Nifty ended 1.52%-1.56% higher each.

Headlines for the day:

• IBReal Estate surges as promoter Gehlaut to hike stake
• Domestic air travel surges by 18.35%: DGCA
• Annual report analysis: Poised for a brighter future
• Bajaj Finance marks fresh high.

The crucial resistance for Nifty is now seen at 8400 and above this 8455. Support for the immediate term is now placed at 8250 and next support will be 8190.

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