INDIAN
BENCHMARKS ended near 2-week closing high.
INDIAN EQUITY rose for a third consecutive session to their highest
closing levels in nearly two weeks, as a rally in debt markets boosted banks,
the biggest holders of bonds. Metal stocks extended Monday's gain triggered by
China unveiling its boldest set of economic and social reforms in nearly three
decades late last week.
Further, Jet Airways ended higher by over 3% on reports that the board
of directors will meet tomorrow to finalize the preferential allotment of 24%
equity to Etihad Airways. Aban Offshore has soared 20% to Rs 302, after
reporting 58% year-on-year (yoy) growth in the quarter ended September 30, on
back of good operational performance and higher revenues.
The crucial
resistance for Nifty is now seen at 6210 and above this 6290. Support for the
immediate term is now placed at 6180 and
next support will be 6135.
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