INDIAN EQUITY MARKET WRAP UP - 28 SEP 2016

INDIAN BENCHMARKS: SENSEX ENDS UP 69 POINTS, NIFTY 50 AT 8745

The market has ended in green. The Sensex was up 69.11 points or 0.2 percent at 28292.81, and the Nifty closed up 38.75 points or 0.4 percent at 8745.15.

About 1622 shares have advanced, 1030 shares declined, and 222 shares are unchanged.

Tata Steel, Bharti Airtel, SBI, Adani Ports and BHEL were top gainers while Reliance, Coal India, HUL, Sun Pharma and Wipro were losers in the Sensex.

HEADLINES OF THE DAY

Coal India buy back from 3rd of October to 18th of October.

RBI raises foreign Investment limit for Motherson Sumi.

Aurobindo gains on approval for zoledronic acid injectable.

The crucial resistance for Nifty spot is now seen at 8769 and above this 8827. Support for the immediate term is now placed at 8685 and next support will be 8620.

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