CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS rose for a sixth consecutive session on Friday, extending a recent rebound to mark their biggest weekly gain in almost five months as heavy monsoon rains eased fears the country would experience a drought. The BSE index gained 0.74 percent to close at 27,316.17, gaining 3.37 percent for the week. The NSE index rose 0.62 percent to 8,224.95, rising 3.03 percent for the week.

Headlines for the day:

• The government aims to issue bonds worth 135 billion rupees ($2.12 billion) or the equivalent of 50 tonnes of gold in the first year.
• Sun TV up 11%, AG says MHA security clearance denial wrong
• Natco Pharma up 8%, US invalidates Teva's Copaxone Patent

The crucial resistance for Nifty is now seen at 8250 and above this 8295. Support for the immediate term is now placed at 8155 and next support will be 8110.

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