INDIAN BENCHMARKS: SENSEX NIFTY ENDS IN RED, SENSEX DOWN 87.66 POINTS NIFTY CLOSED AT 8691.30
The market has closed lower with FMCG and IT stocks under pressure. The Sensex was down 87.66 points or 0.3 percent at 28091.42 and the Nifty was down 17.65 points or 0.2 percent at 8691.30.About 1352 shares advanced, 1438 shares declined and 234 shares were unchanged.Adani Ports, Dr Reddy's Labs, Asian Paints, ICICI Bank and Axis Bank were gainers while M&M, Tata Steel, GAIL, HUL and ONGC.
HEADLINES OF THE DAY
Arvind Q2 consolidated net profit at Rs72 cr (YoY).
Hexaware Q3 consolidated net profit at Rs111 cr.
Shriram Transport Q2 net profit gains 15% (YoY).
The crucial resistance for Nifty spot is now seen at 8745 and above this 8810 Support for the immediate term is now placed at 8630 and next support will be 8550.
UPCOMING RESULTS: JUBLFOOD, DABUR, RAYMOND, AJANTAPHARMA, EXIDE, JUSTDIAL, HEROMOTO, TORRENTPHARMA, CUMMINSIND, HDFC, ITC, SYNDICATEBANK, HUL,JSWENERGY, CADILA,CANBK, THOMASCOOK.