INDIAN BENCHMARKS gain on Fed rally; post best week since mid-June
INDIAN EQUITY BENCHMARKS rose to a seven-week high on Friday, and were headed for a second consecutive weekly gain, tracking a rally in Asian markets after minutes from the Federal Reserve's latest meeting quelled expectations of an imminent U.S. rate hike. The S&P BSE Sensex and CNX Nifty ended 0.87% and 0.74% higher each.
Headlines for the day:
The crucial resistance for Nifty is now seen at 8255 and above this 8295. Support for the immediate term is now placed at 8150 and next support will be 8105.
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The crucial resistance for Nifty is now seen at 8255 and above this 8295. Support for the immediate term is now placed at 8150 and next support will be 8105.
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