INDIAN BENCHMARKS end near one month high.
INDIAN BENCHMARKS close with highest in nearly a month as shares such as Tata Steel gained after promising manufacturing data at home and in China eased concerns about slowing economies.
Further , Indian Oil Corp Ltd gained 1.2 percent after the company said on Saturday it would raise retail prices of diesel by 1 percent, or 0.57 rupees (1 cent), from Sunday in line with a plan to gradually align them with international prices. An HSBC survey showed on Monday that Indian manufacturing returned to growth last month as a strong rise in orders pushed factories to step up production.
The crucial resistance for Nifty is now seen at 6230 and above this 6290. Support for the immediate term is now placed at 6170 and next support will be 6100.
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