INDIAN EQUITY MARKET WRAP UP - 24 MAY 2016

INDIAN BENCHMARKS: SENSEX SNAPS 4-DAYS LOOSING STREAK, NIFTY 50 CLOSE NEAR 7750

Marginal gains in 60 per cent of the index stocks helped the 30-stock benchmark snap a four-day losing streak and notch up 75-point gain in Tuesday's trade, even though investors remained cautious ahead of the expiry of May series F&O contracts.

Earlier, a fall in the rupee and fresh weakness in crude prices made the equity benchmarks swing between gains and losses through the day.

The Sensex was down 159 points at one point before bouncing back to close at 25,305.47, up 0.30 per cent or 75.11 points while the broader Nifty50 settled at 7,748.85, up 17.80 points or 0.23 per cent.

UPCOMING RESULTS TOMORROW: APOLLOHOSP, ASHOKLEY, BAJAJ AUTO, BAJAJHLDNG, BOSCH, CONCOR, CUMMINSIND, ESCORT, GAIL, GODREJIND, LT, NAUKRI, TATASTEEL, UJJIVAN, VRL

HEADLINES OF THE DAY

Colgate Palmolive Q4 net profit slips 11% (YoY)

Torrent Pharma Q4 consolidated net profit at Rs357 cr

VRL Logistics hits 20% lower circuit

The crucial resistance for Nifty SPOT is now seen at 7830 and above this 7882. Support for the immediate term is now placed at 7697 and next support will be 7643.

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 .