Closing Bell: Sensex recovers in late trade to end flat; TCS, Infosys lead
Benchmark indices recovered in late trade to close flat with the Nifty holding 10,800 levels, backed by technology, pharma stocks and Reliance Industries.
The 30-share BSE Sensex rose 22.32 points to 35,622.14 and the 50-share NSE Nifty gained 9.70 points at 10,817.70.
Infosys was up 4 percent and TCS gained 3 percent
Sun Pharma, Cipla, Bajaj Finance, Lupin, UPL and HCL Technologies rallied 1-4 percent.
ICICI Bank, Hindalco Industries, SBI and Yes Bank were under pressure.
HEADLINES OF THE DAY
- Alembic Pharma rises on getting EIR from USFDA for Panelav unit
- Avanti Feeds surges after shareholders approve stock split
- Dr. Reddy's launches gSuboxone
The crucial resistance for Nifty spot is now seen at 10880 and above this 10960. Support for the immediate term is now placed at 10660 next support will be 10570.
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