INDIAN BENCHMARKS: SENSEX ENDS IN RED AFTER CONSOLIDATION, NIFTY 50 AT 8626.25
Equity benchmarks lost ground in late trade with the Sensex down 53.60 points at 27876.61.
The Nifty failed to hold its 8650 level, up 0.55 points at 8626.25.
Technology, FMCG, pharma and select banks stocks drove the market lower whereas the fall was limited due to buying in metals and HDFC Group stocks.
HEADLINES OF THE DAY
Century Textiles Q2: Net Profit at Rs41.1 Cr.
Eicher Motors sales in October 2016 grow strongly 33% YoY.
Marico Q2: Parachute disappoints, other brands steady.
The crucial resistance for Nifty spot is now seen at 8685 and above this 8740 Support for the immediate term is now placed at 8550 and next support will be 8506.
UPCOMING RESULTS: UPPERGANGE, TAJGVK, SUNDARAMFAST, OUDHSUGAR, STERTECH.