INDIAN EQUITY MARKET WRAP UP - 10 NOV 2016

INDIAN BENCHMARKS: SENSEX ENDS UP 240 POINTS, NIFTY ABOVE 8500

The Sensex ended up 240 points or 0.9 percent at 27492.53, and the Nifty was up 88.85 points or 1 percent at 8520.85.

About 2000 shares have advanced, 747 shares declined, and 135 shares were unchanged. Nifty Bank posts biggest one day gain in last 8 months.

Tata Steel, SBI, Cipla, Coal India and ICICI Bank were top gainers while Asian Paints, Hero MotoCorp, HDFC, Lupin and Bajaj Auto were losers.

HEADLINES OF THE DAY

Bank of India Q2 net profit at Rs127 cr (YoY).

Pidilite Inds Q2 consolidated net profit up 13% (YoY).

Manappuram Finance Q2 consolidated net profit at Rs192 cr.

The crucial resistance for Nifty spot is now seen at 8620 and above this 8670 Support for the immediate term is now placed at 8480 and next support will be 8400.

UPCOMING RESULTS: SRF,SBIN,APOLLOHOSP,ANDHRABANK,PATELENG,IOB,ALKEM,RPOWER,RAJESHEXPO,BANKBARODA,NATCOPHARM,LOVABLE,LAMBODHARA,TATASTEEL,VADILALIND,VIP,JETAIRWAYS,BPCL,MOIL,RAJESHEXPO,M&M,SUNTV.

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