INDIAN BENCHMARKS: NIFTY ENDS BELOW 8600, SENSEX SHEDS 439 POINTS @ 27643
After a lot of struggle, the market has ended with severe cuts with the Nifty below 8600. The 50-share index was down 135.45 points or 1.6 percent at 8573.3 while the Sensex slipped 439.23 points or 1.6 percent at 27643.11.
Infosys, ONGC, Maruti, Cipla and Hero was gainers in the Sensex while Adani Ports, HDFC, Reliance, ICICI Bank and Tata Motors were losers in the Sensex.
Midcaps skid 1.5 percent while Auto, Banks, FMCG, Pharma and Metals fell sharply.
HEADLINES OF THE DAY
IndusInd Bank Q2: Strong operating performance, asset quality intact.
Cyient Q2 consolidated net profit at Rs97 cr (YoY).
M&M arm signs LOI for joint venture with Shaanxi Automobile.
The crucial resistance for Nifty spot is now seen at 8642 and above this 8697 Support for the immediate term is now placed at 8540 and next support will be 8475.
UPCOMING RESULTS: INFY, CRISIL, BAJAJ CORP, DCB BANK, NETWORK 18, TV 18