Friday, April 1, 2016
INDIAN EQUITY MARKET WRAP UP- 1 Apr 2016
INDIAN BENCHMARKS: SENSEX FALLS 72.22 POINTS, NIFTY AT 7713.05
The domestic equity indices extended losses and were trading over half a per cent lower on Friday tracking weak start to European markets.
The S&P BSE Sensex has traded about 150 points lower. The gains in ITC, L&T and Asian paints were offset by index heavyweights such as HDFC, Bharti Airtel, Tata Motors, M&M, TCS, and SBI.The Nifty50 today tested its crucial level of 7,700 on the day 1 of April futures and options series.At the end Sensex closes below 72.22 points and Nifty 25.35 points down to 7713.05.
HEADLINES OF THE DAY
Eicher Motors March 2016 CV Sales grow a robust 53%
HCL Technologies close to acquire Geometric
Dr. Reddy’s acquires Rights to Investigational Anticancer Agent E7777
The crucial resistance for Nifty SPOT is now seen at 7750 and above this 7801. Support for the immediate term is now placed at 7643 and next support will be 7582.
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