INDIAN EQUITY MARKET WRAP UP - 05 OCT 2016

INDIAN BENCHMARKS: NIFTY ENDS DOWN 25 POINTS SENSEX @ 28220 DOWN 114 POINTS

After a lot of struggle, the market has ended lower. The Sensex was down 113.57 points or 0.4 percent at 28220.98, and the Nifty slipped 25.20 points or 0.3 percent at 8743.95.

About 1721 shares advanced, 1158 shares declined, and 131 shares were unchanged.

HUL, Tata Motors, Asian Paints, L&T and NTPC were gainers in the Sensex while ONGC, Axis Bank, Bajaj Auto, M&M and Hero MotoCorp were losers.

HEADLINES OF THE DAY

RInfra to sell power transmission biz to Adani for Rs 2,000 cr.

Ashok Leyland eyes over Rs 2,000 cr from defence biz in 5 years.

Alembic Pharma Panelav Unit gets EIR from USFDA.

The crucial resistance for Nifty spot is now seen at 8825 and above this 8895. Support for the immediate term is now placed at 8685 and next support will be 8630.

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