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Tuesday, August 30, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX ENDS UP 440 POINTS HIGHER, NIFTY 50 CLOSED AT 8744

The market ended with smart gains. The Sensex was up 440.35 points or 1.6 percent at 28343.01, and the Nifty closed up 136.90 points or 1.6 percent at 8744.35.

About 1623 shares advanced, 1076 shares declined, and 228 shares were unchanged.

Bajaj Auto, Asian Paints, Maruti, GAIL and HDFC Bank were gainers were gainers while Bharti was down 3 percent.

HEADLINES OF THE DAY
Crompton Greaves Q1: Net Profit at Rs40 Cr Vs Loss of Rs63.7 Cr YoY.
eClerx board approves Buyback of equity shares.
Maruti Suzuki launches sport version of Swift hatchback.

The crucial resistance for Nifty spot is now seen at 8788 and above this 8845. Support for the immediate term is now placed at 8680 and next support will be 8635.

UPCOMING RESULTS: UBHOLDING, MCX, HATHWAY, ANSALAPI

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