INDIAN BENCHMARKS: SENSEX SHEDS 310 POINTS, NIFTY 50 BELOW 8600
The market has posted biggest one-day percentage loss since June 24. The Sensex ended at 27774.88, down 310.28 point or 1.1 percent while Nifty was at 8575.30, down 102.95 points.
Adani Ports, Bank of Baroda, TCS, YES Bank and Zee Entertainment were top gainers while ACC, Grasim, Idea, Lupin and Ambuja were losers in the Nifty.
HEADLINES OF THE DAY
Tata Chemicals surges on selling urea biz to Yara Fertilisers.
Aditya Birla Nuvo set for another round of restructuring.
M&M + MVML Q1: Cons Net Profit up 15.9% at Rs961.6 Cr (YoY).
The crucial resistance for Nifty spot is now seen at 8636 and above this 8671. Support for the immediate term is now placed at 8570 and next support will be 8515.
UPCOMING RESULTS: ABIRLANUVO, BALRAMCHINI, BANKBARODA, GODREJIND, GRANULES, IPCALAB, KESORAMIND, MRF, PAGEIND, PTC, REC, VIPIND.