INDIAN BENCHMARKS: SENSEX ENDS 53 POINTS HIGHER, NIFTY 50 BELOW 8600
The market ended lower on first day of September F&O expiry. The Sensex was down 53.66 points or 0.2 percent at 27782.25 and the Nifty slipped 19.65 points or 0.2 percent at 8572.55.
About 1069 shares have advanced, 1557 shares declined, and 227 shares are unchanged.Tata Motors, Asian Paints, Reliance, GAIL and Cipla were gainers while Wipro, Adani Ports, L&T, BHEL and Infosys were losers in the Sensex.
HEADLINES OF THE DAY
Tata Motors Q1 consolidated net profit drops 57% (YoY).
Lupin gets tentative nod for generic Paxil CR tablets.
Inox Leisure plans to invest Rs200 crore.
The crucial resistance for Nifty spot is now seen at 8660 and above this 8730. Support for the immediate term is now placed at 8540 and next support will be 8475.
UPCOMING RESULTS: DLF, IOC, MOIL