INDIAN BENCHMARKS: SENSEX, NIFTY ENDS FLAT AHEAD OF GST DEBATE
The domestic equity market pared gains in the afternoon session tracking weak cues from the European markets.
The S&P BSE Sensex, which surged about 150 points in early trade, traded in the negative zone by about 2 pm. The broader Nifty50 of the NSE also lost its crucial support level of 8,650.
Investor sentiment turned negative as European markets hit a two-week low following poor results from some firms.
ITC, Maruti Suzuki, Hero MotoCorp, ONGC, and Hindustan Unilever were the top Sensex gainers while FMCG and PSU banking stocks led the gains on the Nifty.
HEADLINES OF THE DAY:
Bharat Financial drops as President Mr. Dilli Raj gets arrested
Indian Bank jumps on stellar Q1 profits
Maruti Suzuki plans price hike across models up to Rs20,000
The crucial resistance for Nifty spot is now seen at 8750 and above this 8843. Support for the immediate term is now placed at 8540 and next support will be 8485.
UPCOMING RESULTS: BERGER PAINT, BATAINDIA, CADILAHC, DISHMAN, EMAMILTD, DWARKESH, HCLTECH, ROMCOCEM, PC JEWELLERS.