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Thursday, January 28, 2016

Equity Tips
The domestic equity market closed flat for the second consecutive day on Thursday amid lack of fresh cues and lackluster earnings.

The benchmark BSE Sensex closed 22.82 points, or 0.09 per cent, lower at 24,469.57 while the NSE's Nifty50 ended the day at 7,424.65, down 0.18 per cent or 13.10 points.

HUL (up 3.28 per cent), M&M (up 2.06 per cent), ITC (up 1.95 per cent) were among the top gainers in the 30-stock pack, while L&T (down 2.72 per cent), Bharti Airtel -2.22 % (down 2.32 per cent) and Axis BanK (down 2.06 per cent) contributed most of the losses.

UPCOMING RESULTS:
IRB, LT, JSWSTEEL, SIEMENS, TVS MOTORS, NTPC, YESBANK, PIDILITEIND, UPL

HEADLINES OF THE DAY
Vedanta Consolidated Q3 net profit at Rs17.91 crore
Colgate Palmolive Q3 net profit up 21.81% (YoY)
Dabur India Q3FY2016 results better than estimates

The crucial resistance for Nifty SPOT is now seen at 7471 and above this 7567.Support for the immediate term is now placed at 7336 and next support will be 7250.

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