INDIAN EQUITY MARKET WRAP UP - 06 MAY 2016

INDIAN BENCHMARKS: SENSEX PARES LOSSES TO END 34 POINTS DOWN, NIFTY AT 7733

The benchmark equity indices resumed their downward journey on Friday, after snapping a three-day losing streak in the previous session, as weak cues from Asian markets weighed on sentiments.

The Sensex ended the day at 25,228.50, down 33.71 points, while the broader Nifty50 barometer closed at 7,733.45, with a loss of 2.05 points.

UPCOMING RESULTS TOMORROW: HINDUNILVR, GRASIM, ICIL, INTELSOFT, PRECISION, VTL

HEADLINES OF THE DAY

Havells expects revenue of around Rs100 Cr by 2020.

Aurobindo receives USFDA approval for fenofibrate tablets.

Emami’s Dubai arm acquires 18.33% share in Fravin.

  

The crucial resistance for Nifty SPOT is now seen at 7830 and above this 7890. Support for the immediate term is now placed at 7666 and next support will be 7582.

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