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Wednesday, August 17, 2016

Equity Tips

INDIAN BENCHMARKS: NIFTY ENDS BELOW 8650, SENSEX DRAGS 59 POINTS

The market has ended in red after a lot of struggle. The Sensex is down 59.24 points or 0.2 percent at 28005.37 and the Nifty is down 18.50 points or 0.2 percent at 8624.05.

About 1458 shares have advanced, 1259 shares declined, and 171 shares are unchanged.

Tata Steel, Coal India, Bajaj Auto, Hero MotoCorp and Axis Bank were top gainers while Adani Ports, TCS, Asian Paints, Wipro and Infosys were gainers in the Sensex.

HEADLINES OF THE DAY
Strides Shasun reports Q1 consolidated net profit at Rs26 cr
Just Dial Q1 net profit up 8% (YoY)
JK Lakshmi gets green signal for expansion project

The crucial resistance for Nifty spot is now seen at 8730 and above this 8845. Support for the immediate term is now placed at 8610 and next support will be 8550.

UPCOMING RESULTS: INDIACEM, TCI

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