INDIAN BENCHMARKS Positive end to the week; Nifty closes above 8200
INDIAN EQUITY BENCHMARKS rose for a second consecutive day on led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast while Reliance Industries rose on bets it will roll out its telecom services in the next few months. The S&P BSE Sensex and CNX Nifty ended 0.90%-0.81% higher each.
Crompton Greaves surged over 1.06%, after the RBI advised that Registered Foreign Portfolios Investors can now invest up to 100% of the paid up capital of the company under the Portfolio Investment Scheme.
Punj Lloyd surged 7.05%, after the company received FIPB approval for manufacturing equipment and associated assemblies for the defence sector.
Tata Petron Engineering Construction jumped 10%, after the company secured twin orders for work related to power plant and civil construction.
The crucial resistance for Nifty is now seen at 8290 and above this 8360. Support for the immediate term is now placed at 8210 and next support will be 8125.
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