INDIAN EQUITY MARKET WRAP UP - 07 APR 2016

BENCHMARKS: SENSEX SLIPS 100 POINTS, NIFTY BELOW 7600, HDFC, RIL, ITC TOP LOSERS

The S&P BSE Sensex slipped 100 points tracking mixed cues from other Asian markets post US Fed minutes.

The Nifty50 lost momentum in trade and was testing its crucial support level of 7,600, weighed down by losses in capital goods, banks, auto, and realty stocks.

The broader market traded in-line with the benchmark indices with the BSE midcap and small cap indices losing 0.10 and 0.15 per cent, respectively.

HEADLINES OF THE DAY

BHEL gains on better than expected Q4FY16 performance.

Tata Motors JLR March 2016 retail sales grow 30% YoY.

Axis Bank takes over Jaypee's Nirman Sadan against Rs700 cr debt.

The crucial resistance for Nifty SPOT is now seen at 7666 and above this 7740. Support for the immediate term is now placed at 7515 and next support will be 7447.

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