INDIAN EQUITY MARKET WRAP UP - 27 JAN 2016

INDIAN BENCHMARKS: MARKET ENDS FLAT, SENSEX UP 6 POINTS NIFTY 50 ABOVE 7430

The domestic equity market closed flat on Wednesday amid mixed cues from global markets. The benchmark BSE Sensex closed marginally higher at 24,492.39, up 6.44, or 0.03 per cent. The NSE's Nifty50 index ended the day at 7,433.25, down 0.04% per cent or 2.90 points.

Midway through the session, the 30-share Sensex hit the day's high of 24,618. 46 only to begin sliding thereafter. BHEL -4.12 % (down 4.16 per cent), Asian Paints (down 1.98 per cent) and Hindustan Unilever -1.78 % (down 1.81 per cent) were among the top losers in the index while NTPC 4.10 % (up 4.32 per cent), Dr Reddy's (up 2.24 per cent) and Sun Pharma (up 1.51 per cent) contributed most of the gains.

UPCOMING RESULTS:

BHARTI AIRTEL, GLENMARK, DABUR, ICICI BANK, MARUTI, TITAN, VEDANTA

HEADLINES OF THE DAY

Havells India Q3 net profit up by 4% (YoY).

BEL Q3 net profit up by 9% (YoY).

Persistent Systems spurts as company eyes $1 bn revenue.

The crucial resistance for Nifty SPOT is now seen at 7471 and above this 7567.Support for the immediate term is now placed at 7336 and next support will be 7250.

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