INDIAN EQUITY MARKET WRAP UP - 11 AUG 2016

INDIAN BENCHMARKS: SENSEX ,NIFTY ENDS IN GREEN.SENSEX UP 84 POINTS,NIFTY 50 UP 17 POINTS

After a lot of struggle, the market has ended in green. The Sensex was at 27859.60, up 84.72 points or 0.3 percent while Nifty closed at 8592.15, up 16.85 or 0.2 percent.

SBI was down 2 percent while Adani Ports, M&M, GAIL and Sun Pharma were losers in the Sensex while Lupin, ITC, ICICI Bank, Reliance and Asian Paints were losers in the Sensex.

HEADLINES OF THE DAY

IRB Infrastructure Q1 consolidated net profit up 10% (YoY).

Q1 net profit of RECL down by 4% at Rs1421 cr (YoY).

Q1 net profit of RECL down by 4% at Rs1421 cr (YoY).

The crucial resistance for Nifty spot is now seen at 8636 and above this 8671. Support for the immediate term is now placed at 8565 and next support will be 8515.

UPCOMING RESULTS:

SUNPHARMA.CIPLA, DIVIS LAB, GLENMARK, JET AIRWAYS, HINDALCO, NMDC, SBIN, ORIENTBANK, UNITED SPIRIT,ABAN,ALKEM,BAJAJELEC,BOSCHLTD,SHALIMAR PAINTS

Get real time advice for  Stock Trading tips , Best Accurate Stock Tips , Stock Market Live , Equity Tips  and all Maket Updates From Capitalstars  .