INDIAN EQUITY MARKET WRAP UP - 21 APR 2016

INDIAN BENCHMARKS: SENSEX PARES MOST GAINS, ENDS 36 POINTS HIGHER, NIFTY 50 AT 7912, ICICI BANK UP 6%, SBI UP 4%

Domestic equity benchmark indices failed to hold onto their morning gains and their major psychological levels on Thursday, even as the global setup continued to remain positive ahead of the outcome of European Central Bank's policy review later in the day.

ICICI Bank (up 6.9 per cent), SBI (up 2.5 per cent), Tata Steel (up 1.4 per cent), HDFC (up 1.4 per cent), and ONGC (up 1.3 per cent), were the major Sensex gainers.

Wipro (down 5.08 per cent), Bharti Airtel (down 0.49 per cent), HUL (down 0.07 per cent) were the only Sensex losers.

UPCOMING RESULTS TOMORROW: CAIRN, HDFC BANK, RELIANCE, MAHINDRA CIE

HEADLINES OF THE DAY

IndusInd Bank Q4: Net Profit at Rs620 Cr Vs Rs495.3 Cr (YoY).

Glenmark Pharma gets 483 form for Pithampur plant.

Alembic Pharma spurts on JV with Orbicular Pharma.

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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