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Tuesday 16 August 2016

INDIAN EQUITY MARKET WRAP UP - 16 AUG 2016

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INDIAN BENCHMARKS: SENSEX NIFTY ENDS IN RED, SUNPHARMA, HDFC, TATAMOTOR DOWN
The market has ended in red with the Nifty below 8650. The 50-share index is down 29.60 points or 0.3 percent at 8642.55 and the Sensex is down 87.79 points or 0.3 percent at 28064.61.
About 1108 shares have advanced, 1618 shares declined, and 169 shares are unchanged.
Cipla, Adani Ports, Tata Steel, SBI and L&T were gainers while Sun Pharma, Tata Motors, TCS, HDFC and Wipro were losers in the Sensex.

HEADLINES OF THE DAY
July WPI at 23 month high.
Wockhardt drops as Q1 net profit sinks 82.6% (YoY).
Cadila Healthcare's Topical mfg facility receives EIR from USFDA.
Power Grid good Q1 performance.

The crucial resistance for Nifty spot is now seen at 8730 and above this 8845. Support for the immediate term is now placed at 8610 and next support will be 8550.

 UPCOMING RESULTS: STAR, PHILIPCARB, RADICO



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1 comment:

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