INDIAN EQUITY MARKET WRAP UP - 17 MAY 2016

INDIAN BENCHMARKS: Exit Polls boost domestic markets: Profit taking in late slide

Indian shares posted their second straight session of gains on Tuesday, after exit polls showed a likely first-time victory for Prime Minister Narendra Modi's Bharatiya Janata Party in the key northeastern state of Assam, raising hopes about its reform agenda. The S&P BSE Sensex and CNX Nifty rose 0.47%-0.38% each today.

HEADLINES OF THE DAY

Voltas Q4 consolidated net profit up 49% (YoY).

Syndicate Bank Q4 net loss at Rs2158 cr.

Bharat Forge Q4FY2016 results: Below estimates.

Motherson Sumi Q4 consolidated net profit up 22% (YoY).

The crucial resistance for Nifty SPOT is now seen at 7975 and above this 7995. Support for the immediate term is now placed at 7850 and next support will be 7805.

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