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Wednesday, August 31, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX ENDS UP 109 POINTS HIGHER, NIFTY 50 AT 8786.20

The market has ended with gains. The Sensex was up 109.16 points or 0.4 percent at 28452.17 and the Nifty closed up 41.85 points or 0.5 percent at 8786.20.

About 1314 shares have advanced, 1359 shares declined, and 232 shares are unchanged.

L&T, Hero, Tata Motors, HDFC Bank and ITC were gainers while Tata Steel, Lupin, NTPC and ONGC were losers in the Sensex.

HEADLINES OF THE DAY
BPCL Q1 net profit beats estimate.
Kotak Bank gains on RBI nod to FIIs.
Ultra Tech gets approval to hike FII investment; sentimentally positive.

The crucial resistance for Nifty spot is now seen at 8845 and above this 8940. Support for the immediate term is now placed at 8680 and next support will be 8635.

UPCOMING RESULTS: APOLLOHOSP, MAHANAGAR GAS, TV TODAY NETWORK, ALLIED DIGITAL, ESSELPRO, KALINDEE, NAVKARCORP

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