INDIAN EQUITY MARKET WRAP UP - 26 JULY 2016

                                                       
INDIAN BENCHMARKS: SENSEX TANKS 119 POINTS, NIFTY 50 BELOW 8600

After a volatile session, the market has ended in negative terrain. The Sensex was down 118.82 points or 0.4 percent at 27976.52, and the Nifty slipped 45 points or 0.5 percent at 8590.65.

Axis Bank, Tata Steel, Wipro, Infosys and L&T were top gainers while Dr Reddy's, ICICI, Hero, Maruti and Coal India were losers in the Sensex.

HEADLINES OF THE DAY

Maruti Suzuki Q1 net profit up 23% (YoY)

Dr Reddy’s reports disappointing Q1FY2017 results

TVS Motor Q1 net profit gains 25% (YoY)

The crucial resistance for Nifty spot is now seen at 8654 and above this 8788. Support for the immediate term is now placed at 8540 and next support will be 8485.

UPCOMING RESULTS: ASIAN PAINTS, BAJAJ AUTO, BHARTI AIRTEL, CASTROLIND, DABUR, GICHSNG, JSWSTEEL, SRTRASNSFIN, TORRENTPHARMA, YESBANK

                                                         

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