INDIAN EQUITY MARKET WRAP UP - 31 MAR 2016

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT, TCS-INFY TOP GAINERS

The domestic equity market closed flat as global rating agency Standard & Poor's downgraded its outlook for China to negative from stable and the expiry of March series futures & options contracts weighed on investor sentiments.

The S&P BSE Sensex closed higher by 3.28 points, or 0.01 per cent, at 25,341 while the 50-share Nifty50 ended at 7,738, up 3.2 points, or 0.01 per cent.

HEADLINES OF THE DAY

Reliance Jio to enter 4G market with competitive pricing.

RBI eases ECB norms for Infra firms.

Coal India receives green nod from environment ministry.

The crucial resistance for Nifty SPOT is now seen at 7750 and above this 7801. Support for the immediate term is now placed at 7643 and next support will be 7582.

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