INDIAN EQUITY MARKET WRAP UP - 23 JUN 2016

INDIAN BENCHMARKS: SENSEX RISES AROUND 230 POINTS, NIFTY 50 ABOVE 8250

The S&P BSE Sensex rose 236 points on Thursday as polling began on EU referendum in Britain. The gains on the index were supported by Tata Motors, TCS, Infosys, M&M and HDFC Bank.

The 50-share Nifty50 traded above its crucial psychological level of 8,250 supported by gains in pharma, IT, auto and banking stocks.

The Nifty ended tad below 2016 closing ahead of Brexit vote. The 50-share index is up 66.75 points or 0.8 percent at 8270.45. The Sensex was up 236.57 points or 0.9 percent at 27002.22.

About 1093 shares have advanced, 1498 shares declined, and 183 shares are unchanged. Tata Motors, Dr Reddy's Labs, SBI, HDFC Bank and Axis Bank were top gainers while NTPC, Cipla, TCS, Asian Paints and ONGC were losers in the Sensex.

HEADLINES OF THE DAY

Jain Irrigation surges as Morgan Stanley upgrades to overweight.

KEC Intl wins order worth Rs1, 036 cr; stk gains.

Bank of India raises Rs1, 000 cr via bonds.

The crucial resistance for Nifty spot is now seen at 8295 and above this 8335. Support for the immediate term is now placed at 8202 and next support will be 8135.

                   

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