INDIAN BENCHMARKS: SENSEX RALLIES 364 POINTS ON GLOBAL CUES AND GST, NIFTY 50 ABOVE 8650
The market has ended on a strong note with the Nifty above 8650. The 50-share index is up 132.05 points or 1.5 percent at 8683.15. The Sensex is up 363.98 points or 1.3 percent at 28078.35. About 1820 shares have advanced, 915 shares declined, and 171 shares are unchanged.
Hero MotoCorp, Bajaj Auto, M&M, Axis Bank and Tata Motors are top gainers while Bharti, Sun Pharma, Infosys, TCS and Wipro are losers in the Sensex.
HEADLINES OF THE DAY
Apollo Tyres eyes double-digit FY17 sales growth in India biz
Marico Q1 Consolidated net profit up 17% (YoY)
Bharat Forge Q1 Net Profit down 37.3% at Rs122 Cr
The crucial resistance for Nifty spot is now seen at 8736 and above this 8845. Support for the immediate term is now placed at 8638 and next support will be 8515.
UPCOMING RESULTS: BRITANNIA, COLPAL, HEROMOTO, IDEA, SRF, GREAVES COTTON, BAYER CROP, AMRAJBAT, JKCEM, UNION BANK, ANDHRABANK, TATACOFFEE.