INDIAN BENCHMARKS rise nearly 1 pct ahead of c bank policy; defensives lead
INDIAN EQUITY BENCHMARKS rose on Monday, marking their highest intraday level in two weeks as traders churned positions in favour of defensive stocks, especially among drug makers, a day ahead of the central bank's policy review. The S&P BSE Sensex and CNX Nifty ended at 0.86% respectively.
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The crucial resistance for Nifty is now seen at 8705 and above this 8765. Support for the immediate term is now placed at 8605 and next support will be 8565.