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Monday, October 10, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT, SENSEX UP 21 POINTS @ 28082 NIFTY 50 @ 8708.80

The market has ended with minor gains amid low volume. The Sensex was up 21.20 points at 28082.3 and the Nifty was up 11.20 points or 0.1 percent at 8708.80.About 1710 shares have advanced, 1180 shares declined, and 135 shares are unchanged.

Tata Steel, Asian Paints, Infosys, Cipla and Lupin are top gainers while Reliance, Adani Ports, NTPC, Bharti Airtel and HDFC are losers in the Sensex.

HEADLINES OF THE DAY
Dr Reddy's foray into Columbia market to sell cancer drugs
JSW Steel crude steel production rises 22%
ACC stabilizes operations of new cement grinding unit from Sep 14

The crucial resistance for Nifty spot is now seen at 8752 and above this 8810 Support for the immediate term is now placed at 8685 and next support will be 8630.

UPCOMING RESULTS THIS WEEK:  INDUSINDBANK, TCS, INFY.

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