INDIAN EQUITY MARKET WRAP UP - 18 JULY 2016

INDIAN BENCHMARKS: SENSEX DECLINES 90 POINTS, NIFTY 50 HOLDS 8500

Taking cues from the mixed trading seen in other Asian and European markets, the BSE Sensex managed to close with losses of 0.32 per cent, or 90 points, at 27746.66 after briefly reclaiming the 28,000 mark.

The 50-share Nifty50 ended the day lower by 33 points, or 0.34 per cent, to close at 8508.70.

The gains in the Sensex were largely supported by a rally in the shares of Bajaj Auto 2.51 %, Tata Motors -0.05 %, Axis Bank0.94 % and Sun Pharma 0.81 %.

HEADLINES OF THE DAY

HUL Q1 earnings below street estimates, total income, volume disappoints

ICICI Bank: ICICI Prudential files for IPO

Axis Bank surges as FII limit raised

UPCOMING RESULTS: ULTRACEMCO,WIPRO,GLFL,LINDEINDIA

The crucial resistance for Nifty spot is now seen at 8545 and above this 8621. Support for the immediate term is now placed at 8490 and next support will be 8432.


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