INDIAN EQUITY MARKET WRAP UP - 18 MAR 2016

INDIAN BENCHMARKS: SENSEX ENDS 275 POINTS HIGHER, NIFTY 50 TOPS 7600 

The S&P BSE Sensex rose about 250 points in late afternoon trade on Friday, led by gains in Gail, TCS, Infosys, Adani Ports & SEZ and Wipro.

The Nifty50 hit its crucial resistance level of 7,600 for the first time since February 1, supported by gains in private banks and IT majors.

In the currency market, the rupee appreciated 16 paisa to 66.58 against the US dollar in early trade on Friday amid a surge in global equity and commodity markets.

HEADLINES OF THE DAY

Lupin hits 52-week low as CLSA downgrade.

HUL signs agreement with LT Foods for sale of rice exports business.

Glenmark gets USFDA nod for Lacosamide Oral Solution.

The crucial resistance for Nifty SPOT is now seen at 7634 and above this 7721. Support for the immediate term is now placed at 7512 and next support will be 7470.

    

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