INDIAN BENCHMARKS: SENSEX RALLIES 364 POINTS ON GLOBAL CUES AND GST, NIFTY 50 ABOVE 8650
The
market has ended on a strong note with the Nifty above 8650. The 50-share index
is up 132.05 points or 1.5 percent at 8683.15. The Sensex is up 363.98 points
or 1.3 percent at 28078.35. About 1820 shares have advanced, 915 shares
declined, and 171 shares are unchanged.
Hero
MotoCorp, Bajaj Auto, M&M, Axis Bank and Tata Motors are top gainers while
Bharti, Sun Pharma, Infosys, TCS and Wipro are losers in the Sensex.
HEADLINES OF THE DAY
Apollo
Tyres eyes double-digit FY17 sales growth in India biz
Marico
Q1 Consolidated net profit up 17% (YoY)
Bharat
Forge Q1 Net Profit down 37.3% at Rs122 Cr
The
crucial resistance for Nifty spot is now seen at 8736 and above this 8845.
Support for the immediate term is now placed at 8638 and next support will be
8515.
UPCOMING
RESULTS: BRITANNIA, COLPAL, HEROMOTO, IDEA, SRF, GREAVES COTTON, BAYER CROP,
AMRAJBAT, JKCEM, UNION BANK, ANDHRABANK, TATACOFFEE.
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