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Voltas has seen a decisive breakout of downward sloping resistance trendline and formed long bullish candlestick pattern on the weekly charts with robust volumes. The stock jumped 8 percent during the week to Rs 928.

Looking ahead, there might be a consolidation phase for the Nifty in the near term.

The new contract would provide raises and better benefits, following similar deals at other big airlines.

Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.

Markets maintained those bets even after Richmond Fed President Thomas Barkin on Tuesday refrained from saying how the fall in inflation affected the policy outlook for next year, while Atlanta’s Raphael Bostic said there was no urgency to cut rates.

In a separate boost to prices, the U.S. bought 2.1 million barrels of crude for delivery in February, its Energy Department said on Tuesday, as the country continues to replenish its reserves.

In its monthly State of the Economy article, the Indian central bank#39;s economists also warned that if headline retail inflation is not brought down to the medium-term target of 4 percent and “tethered” there, it is highly likely that growth may be hit.

The options data indicates that 21,000 may act as the near-term support for the Nifty 50, with resistance at 21,200-21,300, say experts

As per the forecasts made by the Reserve Bank of India#39;s #39;dynamic stochastic general equilibrium#39; (DSGE) model, India#39;s GDP growth this year may be 7.1 percent – 10 basis points higher than the central bank#39;s official view of 7.0 percent.

At the interbank foreign exchange market, the local unit opened at 83.17 and traded between the peak of 83.13 and the lowest level of 83.18 against the dollar.