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Wednesday, 24 August 2016

INDIAN EQUITY MARKET WRAP UP - 24 AUG 2016

Cash intraday tips, equity intraday tips, Equity tips, share market tips, stock  Cash premium, Stock cash tips,

INDIAN BENCHMARKS: SENSEX ENDS 70 POINTS HIGHER, NIFTY 50 TOPS 8650

After another day of volatility, the market has ended flat. The Sensex was up 69.73 points or 0.2 percent at 28059.94, and the Nifty closed up 17.70 points or 0.2 percent at 8650.30.

About 1522 shares advanced, 1191 shares declined, and 204 shares were unchanged.

Maruti, Cipla, NTPC, Infosys and Sun Pharma were top gainers while Lupin, Tata Steel, TCS, Tata Motors and Coal India were losers in the Sensex.

HEADLINES OF THE DAY
Aurobindo rallies on in-line Q1FY17 results.
IOCL board to consider bonus issue.
Strides Shasun gets USFDA nod for Ranitidine tablets.

The crucial resistance for Nifty spot is now seen at 8730 and above this 8845. Support for the immediate term is now placed at 8580 and next support will be 8540.

UPCOMING RESULTS: DLF, IOC, MOIL ON 29 AUG.



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