INDIAN EQUITY MARKET WRAP UP - 15 MAR 2016

INDIAN BENCHMARKS: SENSEX SLIPS OVER 100 POINTS, NIFTY TESTS 7500 POST BOJ MEET, LUPIN, HDFC TOP LOSERS

The S&P BSE Sensex slipped over 100 points on Monday after the Bank of Japan decided to continue applying a negative interest rate of minus 0.1 per cent and keeps monetary base target unchanged at 80 trillion.

The Nifty50 traded near its crucial psychological support level of 7500 weighed down by losses in power, oil & gas, metal, and telecom stocks.

HEADLINES OF THE DAY

Lupin drops on reports of USFDA inspection at Goa facility.

Wipro aspire to deliver 12-14% revenue growth in FY17.

Aurobindo gets USFDA nod for Ibandronate Sodium tablets.

The crucial resistance for Nifty SPOT is now seen at 7550 and above this 7634. Support for the immediate term is now placed at 7405 and next support will be 7380.

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