A ticker on the facade of the Bombay Stock Exchange (BSE) shows India's benchmark 30-share index- SENSEX in Mumbai on May 6, 2008.  A stock market investment advisor has filed a case against the Mumbai stock exchange claiming ownership over the term Sensex, which is used to describe one of the country's most popular indices. The market advisor, Deepak Mohini has in his legal notice sought that the court grant him exclusive ownership to the trademark "Sensex".    AFP PHOTO/ Indranil MUKHERJEE
A ticker on the facade of the Bombay Stock Exchange (BSE) shows India's benchmark 30-share index- SENSEX in Mumbai on May 6, 2008. A stock market investment advisor has filed a case against the Mumbai stock exchange claiming ownership over the term Sensex, which is used to describe one of the country's most popular indices. The market advisor, Deepak Mohini has in his legal notice sought that the court grant him exclusive ownership to the trademark "Sensex". AFP PHOTO/ Indranil MUKHERJEE

Benchmark indices ended today’s session on a positive note. Boosting investors sentiments were the probable hint of US interest rate cuts.

The index has been moving in a particular range and successfully held , there is still hope for recovery on short covering.

Nifty didn't break previous day low implying that 11471 zone can act as immediate and crucial support for the index whereas strong resistance is expected to be seen at 11625 level.

The market breadth indicating the overall health of market was positive.

HeroMotocorp, IndusInd Bank, Tata Motors, Vedanta and SBI were top gainers among Sensex stocks, rising 2.5-4.6 percent while ICICI Bank, Bajaj Auto, Axis Bank, TCS and L&T were losers.

4.00 PM GLOBAL UPDATE:

DOW Futures (+62, 26924)

NASDAQ Futures (+24, 7926)

DAX (-34, 12343)

FTSE (-8, 7530)

OIL (+0.53, $60.77)

GOLD (+11.15, $1423)

DOLLAR INDEX (-0.166, 96.53)

COPPER (+57.75, 5862)

How Asia fared today:

HANG SENG (+238, 28397)

NIKKEI (+49, 21604)

SHANGHAI (+2.46, 2917)

Nifty Futures (+87, 11579)

Sensex (+266, 38823)

Bank Nifty (+202, 30709)

SGX NIFTY (+84, 11582)

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