INDIAN BENCHMARKS Closes with rose today.
INDIAN BENCHMARKS ended on a high note after a volatile session on account of November series F&O expiry today, recovering from two sessions of falls as Power Grid Corp and other blue chips recovered from recent losses, while Dr. Reddy's gained after a rival received an import ban for a key drug from the U.S. regulator.
Further , Crompton Greaves is trading higher by 4% at Rs 125 on hopes that the benefits of recovery are likely to improve earnings of the company over the next few quarters. Cairn India Ltd’s today cleared share buyback plan of Rs 5,725 crore for 8.9% stake at at a price not exceeding Rs 335 per equity share, expected to be initiated in January next year.
The crucial resistance for Nifty is now seen at 6125 and above this 6215. Support for the immediate term is now placed at 6065 and next support will be 6030.
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