INDIAN EQUITY BENCHMARKS rose more than 1.5 percent on Monday, marking their biggest daily gain in about 1-1/2 months as rate sensitive stocks advanced on hopes that improvement in monsoon may lead to an earlier-than-expected rate cut by the central bank. The S&P BSE Sensex and CNX Nifty ended 1.52%-1.56% higher each.
Headlines for the day:
The crucial resistance for Nifty is now seen at 8400 and above this 8455. Support for the immediate term is now placed at 8250 and next support will be 8190.
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