INDIAN BENCHMARKS: NIFTY 50 ENDS FLAT, HUL-ASIAN PAINTS TOP LOSERS
The equity market ended on a flat note with a downward bias on Friday.
Investors seemed cautious during the ongoing fourth quarter earnings season. Sentiment in the global market, too, was mixed. With no major trigger to act upon, the S&P BSE Sensex ended 0.16 per cent or 42.24 points lower at 25,838.14. The broader Nifty50 of the NSE closed at 7,899.30, down 12.75 points or 0.16 per cent.
Maruti (up 3.07 per cent), SBI (up 2.94 per cent), ONGC (up 1.55 per cent), Axis Bank (up 1.51 per cent), and NTPC (up 1.49 per cent) were the biggest gainers in the Sensex pack. HUL (down 2.04 per cent), Asian Paints (down 1.84 per cent), HDFC, (down 1.71 per cent), Sun Pharma (down 1.48 per cent), and ITC (down 1.18 per cent) were the biggest laggards.
UPCOMING RESULTS TOMORROW & MONDAY: M&MFINSV, PERSISTENT, ABB, DELTACORP, INREALEST, IBULHSGFIN, TATASPONGE, ULTRACEMCO, WELSPUNIND
HEADLINES OF THE DAY
Aurobindo Pharma gets USFDA nod for gNexium
Maruti Suzuki’s Baleno receives 3-star rating in NCAP test
HDFC Bank Q4 profit in line with estimates
The crucial resistance for Nifty SPOT is now seen at 7980 and above this 8116. Support for the immediate term is now placed at 7864 and next support will be 7749.
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