INDIAN EQUITY MARKET WRAP UP - 22 JUN 2016

INDIAN BENCHMARKS: NIFTY ENDS AT 8204, SENSEX BELOW 47 POINTS

The market has ended with minor losses. The Sensex was down 47.13 points or 0.2 percent at 26765.65, and the Nifty slipped 16.20 points or 0.2 percent at 8203.70. About 982 shares have advanced, 1600 shares declined, and 190 shares are unchanged.

Adani Ports, Dr Reddy's Labs, Lupin, Coal India and Wipro were top gainers while Tata Motors, GAIL, HUL, ITC and Infosys were losers in the Sensex. Auto and FMCG stocks fell most.

HEADLINES OF THE DAY

Ramco Systems set up subsidiary in Philippines.

Tata Motors drops ahead of Brexit referendum.

Tech Mahindra buys 100% stake in BIO.

The crucial resistance for Nifty spot is now seen at 8295 and above this 8335. Support for the immediate term is now placed at 8160 and next support will be 8107.

                         

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