INDIAN EQUITY MARKET WRAP UP - 08 APR 2016

INDIAN BENCHMARKS: SENSEX ENDS FLAT AFTER CHOPPY TRADE, NIFTY TOPS 7550

Domestic equity benchmarks swung between gains and losses all through Friday amid mixed global cues and domestic earnings jitters.

The momentum was positive in the broader market with both the BSE Midcap index and Small cap index ending in the positive. Investors booked profit ahead of the March quarter earnings season that kicks off on Monday.

The Sensex ended the day at 24,673.84, down 11.58 points, or 0.05 per cent, led by a fall in Tata Consultancy (down 1.71 per cent), Hero MotoCorp (down 1.62 per cent), Hindustan Unilever (down 1.23 per cent), Maruti (down 1.22 per cent), and Infosys (down 1.22 per cent).

HEADLINES OF THE DAY

Reliance Communications to launch 4G on May 4.

HUL completes acquistion of Indulekha brand oil.

Lupin gains on launching first product from GAVIS pipeline.

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.

Get real time advice for Intraday Trading Tips , Share Market Live  , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips ,  and all Maket Updates .