INDIAN BENCHMARKS: SENSEX END MARGINALLY HIGHER,NIFTY FLAT
The
domestic equity market on Wednesday failed to play catchup with the global
equity rally seen over the past two days and turned sluggish, as investors
booked profit following poor cues from China even as weak crude prices turned
the sentiment negative.
Weakness
in Asian and European markets after two days of gains also weighed on investor
sentiments.
Opening
after a day's holiday break, the S&P BSE Sensex opened with a good
100-point rally while the NSE's Nifty50 started above the key resistance level of
7,900. But the benchmark indices embarked on a downward slide soon after and
kept swinging between gains and losses all through the trading session.
The
30-share Sensex closed the day at 25,844.18, up 0.11 per cent or 27.82 points,
while its 50-share counterpart gained 0 points or 0.05 per cent to end at
7,914.75.
UPCOMING RESULTS TOMORROW: HIND ZINC, INDUSIND BANK, CYIENT
HEADLINES OF THE DAY
CRISIL Q1 consolidated net profit up 40% (YoY).
TCS drops as Q4FY2016 margins miss the mark.
Dr Reddys launches ZEMBRACE SymTouch.
The
crucial resistance for Nifty SPOT is now seen at 7980 and above this 8116.
Support for the immediate term is now placed at 7864 and next support will be
7749.
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