INDIAN EQUITY MARKET WRAP UP - 22 APR 2016

INDIAN BENCHMARKS: NIFTY 50 ENDS FLAT, HUL-ASIAN PAINTS TOP LOSERS

The equity market ended on a flat note with a downward bias on Friday.

Investors seemed cautious during the ongoing fourth quarter earnings season. Sentiment in the global market, too, was mixed. With no major trigger to act upon, the S&P BSE Sensex ended 0.16 per cent or 42.24 points lower at 25,838.14. The broader Nifty50 of the NSE closed at 7,899.30, down 12.75 points or 0.16 per cent.

Maruti (up 3.07 per cent), SBI (up 2.94 per cent), ONGC (up 1.55 per cent), Axis Bank (up 1.51 per cent), and NTPC (up 1.49 per cent) were the biggest gainers in the Sensex pack. HUL (down 2.04 per cent), Asian Paints (down 1.84 per cent), HDFC, (down 1.71 per cent), Sun Pharma (down 1.48 per cent), and ITC (down 1.18 per cent) were the biggest laggards.

UPCOMING RESULTS TOMORROW & MONDAY: M&MFINSV, PERSISTENT, ABB, DELTACORP, INREALEST, IBULHSGFIN, TATASPONGE, ULTRACEMCO, WELSPUNIND

HEADLINES OF THE DAY

Aurobindo Pharma gets USFDA nod for gNexium.

Maruti Suzuki’s Baleno receives 3-star rating in NCAP test.

HDFC Bank Q4 profit in line with estimates.

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.

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 .