INDIAN BENCHMARKS closed for the day on a positive note.
INDIAN BENCHMARKS ended to their highest close in more than a month, extending gains for a second consecutive session on hopes state elections results on Sunday will show strong support for the main opposition party ahead of general polls due next year.
Further, Cairn India Ltd has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectively. Shares of ONGC gained more than 2.5 percent ahead of board of directors meeting for announcement of interim dividend today.
The crucial resistance for Nifty is now seen at 6275 and above this 6300. Support for the immediate term is now placed at 6230 and next support will be 6200.
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