INDIAN EQUITY MARKET WRAP UP - 16 MAR 2016

INDIAN BENCHMARKS: SENSEX ENDS UP 130 POINTS, NIFTY 50 CLOSES NEAR 7500

The domestic equity market made a smart recovery on Wednesday after trading in losses through the day as investors shed caution ahead of the US Federal Reserve's policy review due later in the day.

Investor sentiment was also aided by the uptick seen in most European markets as oil rebounded by over 2 per cent in London and New York.

At the end of a volatile trading session that saw a 352-point swing on the S&P BSE Sensex, the index closed higher by 131 points, or 0.53 per cent, at 24,682. The 50-share NSE Nifty50 closed at 7,498.75, up 38.15 points, or 0.51 per cent.

HEADLINES OF THE DAY

Rajesh Exports drops ahead of board meeting

Indiabulls plans to raise Rs100 cr via NCDs

TVS Motors eyes 10% sales growth in FY2017

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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