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Tuesday, August 9, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX SHEDS 95 POINTS, NIFTY 50 BELOW 8700

The Sensex ended at 28085.16, down 97.41 or 0.3 percent while the Nifty closed at 8678.25 down 33.10 or 0.4 percent.

Tata Power, Zee Entertainment, Coal India, ONGC and Bharti Infratel were top gainers while Idea Cellular, Lupin, Ambuja Cements, Grasim and BPCL were losers in the Sensex.

HEADLINES OF THE DAY
Apollo Tyres Q1FY2017 results: Ahead of estimates on all fronts.
Century Textiles reports Q1 net profit at Rs0.93 crore.
Tata Global Beverages Q1: Net Profit up 51.8% at Rs119.5 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: M&M, THERMAX, MOTHERSUMI, SUVEN.

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