INDIAN BENCHMARKS closed on the positive note.
INDIAN EQUITY BENCHMARKS extended gains in the afternoon session on back of buying witnessed in financial shares after the central bank raised overseas borrowing limits for lenders in a bid to prop up growth and boost the rupee. The rupee gained some ground after the slew of reforms announced by the central bank.
Further, Hindustan Oil Exploration Co Ltd gained 5 percent after it said the ministry of petroleum and natural gas approved commerciality of a hydrocarbon discovery. Reliance Communications shares rose 2.7 %after the company said it has appointed a new CEO for its India enterprise.
The crucial resistance for Nifty is now seen at 5760 and above this 5845. Support for the immediate term is now placed at 5660 and next support will be 5845.
News to watch:
• Watch out for the IIP numbers on 12 SEPT.
• Watch out for the RBI policy on 18 SEPT.
• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT
INDIAN EQUITY BENCHMARKS extended gains in the afternoon session on back of buying witnessed in financial shares after the central bank raised overseas borrowing limits for lenders in a bid to prop up growth and boost the rupee. The rupee gained some ground after the slew of reforms announced by the central bank.
Further, Hindustan Oil Exploration Co Ltd gained 5 percent after it said the ministry of petroleum and natural gas approved commerciality of a hydrocarbon discovery. Reliance Communications shares rose 2.7 %after the company said it has appointed a new CEO for its India enterprise.
The crucial resistance for Nifty is now seen at 5760 and above this 5845. Support for the immediate term is now placed at 5660 and next support will be 5845.
News to watch:
• Watch out for the IIP numbers on 12 SEPT.
• Watch out for the RBI policy on 18 SEPT.
• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT
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