- The Indian equity benchmarks witnessed tepid trade as investors booked profit in select counters, with losses in heavyweights such as ICICI Bank, ITC, RIL and SBI. The major fall was seen in the defensive FMCG sector.
- Asian shares climbed due to strong Chinese trade data and a weaker yen boosting exporters' shares, while most European shares edged off highs on disappointing corporate results and a slide in oil prices.
- On the Nifty, the bullish trend strategy is to buy on dips with support at 8,795 and resistance at 8,965. The bullish trend also applies to the Bank Nifty with support at 19,115 and resistance at 19,