INDIAN EQUITY MARKET WRAP UP- 02 NOV 2015

INDIAN BENCHMARKS: NIFTY ENDS AT 8050 SENSEX SLIPS 98 POINTS

The market has ended lower. The Sensex was down 97.68 points or 0.4 percent at 26559.15 and the Nifty slipped 15 points or 0.2 percent at 8050.80. About 1162 shares advanced, 1533 shares declined, and 122 shares were unchanged.

           

 Headlines for the day:

Jet Airways soars 8%  as Rakesh Jhunjhunwala buys stake-airways-soars-8-as-rakesh-jhunjhunwala-buys 1.05% stake woth Rs 50.52 crores.

OBC Q2 profit rises 3%; asset quality improves sequentially.

Poor Q2 numbers drag IOB 15%, hits 52-week low.

RESULT’S ON 3 NOV 2015:      

DLF, GAIL, HEXAWARE, IOC, PFC, POWERGRID, TECHM, PTC, ADANIPOWER

The crucial resistance for Nifty is now seen at 8097 and above this 8146. Support for the immediate term is now placed at 8020 and next support will be 7950.

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