INDIAN EQUITY MARKET WRAP UP - 04 JULY 2016

INDIAN BENCHMARKS: SENSEX RALLIES OVER 130 POINTS, NIFTY CLOSE ABOVE 8350

The S&P BSE Sensex rallied over 130 points in trade on Monday, led by gains in Tata Motors, ONGC, Infosys, L&T, and ICICI Bank.

The Nifty50 reclaimed its crucial level of 8,350 supported by gains in realty, power, oil & gas, metals, capital goods, and banking stocks.

HEADLINES OF THE DAY

SBI gains on stake sale in NSE for Rs911 crore.

Adani Ports up on acquisition plans.

RIL ties up with State Bank of India to set up payment bank.

The crucial resistance for Nifty spot is now seen at 8443 and above this 8561. Support for the immediate term is now placed at 8294 and next support will be 8230.

                             

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