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Monday, August 1, 2016



INDIAN BENCHMARKS: NIFTY ENDS BELOW 8650, SENSEX IN RED, ICICI-L&T FALLS 4-5 % 

The market has ended flat with the Nifty below 8650. The 50-share was down 1.95 points at 8636.55 and the Sensex was down 48.74 points or 0.2 percent at 28003.12. About 1185 shares have advanced, 1564 shares declined, and 148 shares are unchanged. 

TCS, Tata Steel, Maruti Suzuki, Wipro and Bajaj Auto were top gainers while ICICI Bank, L&T, BHEL, Adani Ports and GAIL were losers in the Sensex.

HEADLINES OF THE DAY
Maruti Suzuki surges after good July sales
Zee Entertainment gains on launch of Bollywood movie channel in Germany
Piramal Ent Q1 consolidated net profit up 36% at Rs231 cr

The crucial resistance for Nifty spot is now seen at 8788 and above this 8843. Support for the immediate term is now placed at 8540 and next support will be 8485.


UPCOMING RESULTS: CENTURYPLY, TCI, VOLTAS, VONDERLA, ZYDUSWELL, TORRENTPOWER,UGARSUGAR

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