INDIAN EQUITY MARKET WRAP UP - 20 SEP 2016

INDIAN BENCHMARKS: SENSEX NIFTY ENDS IN RED, SENSEX DOWN 111 POINTS NIFTY 50 DOWN 32.5 POINTS

The market has ended in negative terrain. The Sensex was down 111.30 points or 0.4 percent at 28523.20, and the Nifty slipped 32.50 points or 0.4 percent at 8775.90.

About 1182 shares advanced, 1525 shares declined, and 194 shares were unchanged.

Tata Steel, ONGC, Cipla, Maruti and Lupin were top gainers while Adani Ports, Hero MotoCorp, Bajaj Auto, Bharti and BHEL were losers in the Sensex.

HEADLINES OF THE DAY

• Cadila gains on partnering with Takeda.
• Tata Motors to launch new SUV “Hexa” in November.
• Motherson Sumi raises Rs1993 cr via QIP issue.

The crucial resistance for Nifty spot is now seen at 8850 and above this 8939. Support for the immediate term is now placed at 8750 and next support will be 8685.

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