Domestic
equity markets reversed losses while the benchmark 10-year bond surged to
its highest in more than two years after the Reserve Bank of India (RBI) cut
interest rates by a bigger-than-expected 50 basis points and allowed for steady
increase in foreign investment limit in government securities. The Sensex closed 161 points up at 25,778. Sensex rallied nearly 700 points in intra-day
trade on Tuesday from its day's low of 25,287 to reclaim the crucial
psychological level of 26,000 .Nifty closed
47.60 points up at 7,843.
RESISTANCE: 7994, 8113, 8377, 8641
PIVOT POINT: 7849
SUPPORT: 7730, 7585, 7321, 7057
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