INDIAN EQUITY MARKET WRAP UP - 12 AUG 2016

INDIAN BENCHMARKS: SENSEX ENDS UP 293 POINTS, NIFTY ENDS AT 8672

The market has ended on strong note with support from index heavyweights. The Sensex ended up 292.80 points or 1 percent at 28152.40, and the Nifty was up 80 points or 0.9 percent at 8672.15.

About 1246 shares have advanced, 1413 shares declined, and 181 shares are unchanged.

SBI was up 7 percent, Axis Bank, Tata Motors, M&M and HDFC were top gainers while Cipla, Infosys, Sun Pharma, Asian Paints and Lupin were losers.

HEADLINES OF THE DAY

Aditya Birla Nuvo to merge with Grasim Industries.

SBI Q1 profit meet estimates.

Sun Pharmaceutical Q1 consolidated net profit at Rs2034 cr.

Hindalco Inds Q1 net profit at Rs294 cr.

The crucial resistance for Nifty spot is now seen at 8730 and above this 8845. Support for the immediate term is now placed at 8615 and next support will be 8550.

UPCOMING RESULTS: RELCAP, MAGMAFINCORP, LAOPALA, WOCKPHARMA, WELLNESS,

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