INDIAN BENCHMARKS rose, snapping a four-day losing streak.
INDIAN EQUITY BENCHMARKS rose over 1 percent, snapping a four-day losing streak led by gains in the realty, oil and gas, power, capital goods and banking stocks.
Further, IRB Infrastructure Developers edged higher by 5% after the company has entered into a pact with National Highways Authority of India for an Rs 2,300 crore project for widening of a highway stretch in Haryana under National Highways Development Project. SAIL is likely to exit the Rs 35,000-crore revival project of the Sindri fertiliser plant in Jharkhand due to inordinate delay in land acquisition.
The crucial resistance for Nifty is now seen at 7610 and above this 7660. Support for the immediate term is now placed at 7495 and next support will be 7465.
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