ECONOMY ANALYSIS
PM & FM reject proposal on petrol pump shutdown post 8 pm
Price hike inevitable now; bullish on exports: Bajaj Auto
Cautiously optimistic on order wins in near-term: L&T
India's factory output falls in August for 1st time in 4.5 years
US biz doing well; may see more products in brands: Lupin
Fund raising via QIP hit 3-month low in July: Sebi
MARKET ANALYSIS
The Nifty extended its short coverings-led rally for the third straight session, led by gains in realty, metals and FMCG sectors. The broader index witnessed some profit-booking towards the close of the session to end at its psychological level of 5,550.
According to analysts, traders should start booking profits in long positions as the market is near resistance levels and may reverse in the near term.
The 50-share index ended at 5,550.75, up 78.95 points or 1.44 per cent. It touched a high of 5,564.90 and a low of 5,478.85 in trade today.
The S&P BSE Sensex closed at 18,886.13, up 266.41 points or 1.43 per cent.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18886.13 266.41 1.43
NIFTY 5550.75 78.95 1.44
BANK NIFTY 9139.50 90.30 1.00
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