INDIAN EQUITY MARKET WRAP UP- 08 AUG 2016

INDIAN BENCHMARKS: SENSEX ENDS 104 POINTS HIGHER,NIFTY TOPS 8700

The market has ended at new 52-week high. The Nifty closed above 8700, for first time since April 16, 2015. The 50-share index was up 28 points at 8711.

The Sensex was up 104 points at 28182.57. HDFC, Infosys and Reliance were big contributors to index gains.

HEADLINES OF THE DAY

Hero Motocorp Q1FY2017 results: Posts in line numbers.

Aurobindo receives USFDA approval for Linezolid Injection.

Asian Paints to enhance mfg capacity of two units.

The crucial resistance for Nifty spot is now seen at 8736 and above this 8845. Support for the immediate term is now placed at 8638 and next support will be 8515.

UPCOMING RESULTS: M&M, MOTHERSUMI, THERMAX, HONEYWELL,J&K BANK,APOLLOTYRE,DCMSHRIRAM,CENTURYTEX,EDELWEISS,GEOMETRIC,JKTYRE,LUPIN,UCOBANK.

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