INDIAN BENCHMARKS rose to record highs ; China and Europe whetted risk appetite globally,
INDIAN EQUITY BENCHMARKS rose to record highs on Monday after the prospect of further policy stimulus in China and Europe whetted risk appetite globally, while expectations of more reforms during the ongoing winter session of parliament also helped.
Astral Poly Technik rose 0.62% after the company acquired 76% stake in Resinova Chemie for Rs212.80 crore.
Power Grid Corporation of India lost 2.90% after the Reserve Bank of India placed restrictions on further purchases of shares of the company by foreign portfolio investors.
Crompton Greaves surged 4.37%, after Avantha Power & Infrastructure signed a Memorandum of Understanding with Adani Power for sale of power plant.
The crucial resistance for Nifty is now seen at 8545 and above this 8610 . Support for the immediate term is now placed at 8495 and next support will be 8460.
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