Key benchmark indices ended the first trading day of fiscal 2012-13 on a positive note after having witnessed a choppy session.
The BSE Sensex ended at 17,478, up 74 points while the Nifty ended at 5,318, up 22 points.
During the day, the BSE benchmark index touched the day's high at 17,530 and the day's low at 17,382.
According to Hormuz Maloo, Technical Analyst with Geojit BNP Paribas Securities, "The Nifty seems to have taken support at its 200 day moving average last week and bounced upwards strongly.
The 200dma is currently around 5,148 levels. This remains a significant support level. On the upside, we have a small resistance at Friday's high of 5,307 points, which is also the 50 day moving average of the Nifty.
There is a stronger resistance slightly higher at around 5,500 points."
In Asia, Japan's Nikkei average snapped a three-day losing streak on Monday after stronger-than-expected data from China eased worries of an abrupt economic slowdown, while buying by domestic investors provided support.
The index ended at 10,110, up 0.26%. The Hang Seng index ended lower by 0.16%, while the Shanghai Composite index ended higher by 0.47%.
European markets are mixed. At 1600 hours, the DAX was higher by 0.31%, while France's CAC 40 was off 0.30%. Shares in London were unchanged with the FTSE 100 at 5,768.81.
Back home, consumer durable stocks logged smart gains in trade today with the BSE Consumer Durables' index surging nearly 4% at 6,651 levels. Earlier in the day, the index touched the day's high at 6,685 levels and the day's low at 6,514 levels.
From the space, C. Mahendra Exports, Titan Industries, Whirlpool of India and VIP Industries, up 3-17% each, were the prominent gainers. Titan Industries rallied 6% at Rs 243 on reports that the government
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