INDIAN EQUITY MARKET WRAP UP - 10 JUNE 2016

INDIAN BENCHMARKS: SENSEX ENDS 128 POINTS LOWER ON WEAK GLOBAL CUES, NIFTY 50 AT 8170

The domestic equity market continued its slump in a volatile session on Friday, which saw the BSE benchmark gyrate in the range of 349 points amid risk-off bets and profit booking.

The S&P BSE Sensex shed 128 points, or 0.48 per cent, to 26,635 while the NSE Nifty50 closed at 8,170, down 33 points, or 0.41 per cent.

The losses on the index were led by a fall in the shares of Tata Motors, ITC, HDFC and SBI.

HEADLINES OF THE DAY

Sugar stock hogs limelight.

M&M in talks with Uber and Ola for strategic alliance.

Motherson subsidiary to raise Rs2000 crore to repay debt.

The crucial resistance for Nifty spot is now seen at 8262 and above this 8290. Support for the immediate term is now placed at 8134 and next support will be 8070.

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