INDIAN BENCHMARKS erase earlier losses, end flat on metal firms
INDIAN EQUITY BENCHMARKS ended flat on Tuesday, rebounding from earlier losses on the back of a late rally in metals and mining stocks such as Jindal Steel and Power Ltd that had lagged the index in recent weeks. The S&P BSE Sensex and CNX Nifty ended 0.04%-0.17% higher each.
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The crucial resistance for Nifty is now seen at 8735 and above this 8775. Support for the immediate term is now placed at 8605 and next support will be 8565.