INDIAN BENCHMARKS: SENSEX ENDS UP 240 POINTS, NIFTY ABOVE 8500
The Nifty ended below 8300 for first time in four months. The Nifty is down 229.45 points or 2.7 percent at 8296.30 and the Sensex is down 698.86 points or 2.5 percent at 26818.82. About 492 shares have advanced, 2196 shares declined, and 143 shares are unchanged.
About 414 shares have advanced, 2228 shares declined, and 136 shares are unchanged. Adani Ports, M&, Hero MotoCorp, ICICI Bank and Tata Motors are losers in the Sensex.
HEADLINES OF THE DAY
M&M Q2 net profit up 27% (YoY).
Apollo Hospitals Q2 net profit up 3% (YoY).
Sun Pharma reports strong Q2 earnings.
The crucial resistance for Nifty spot is now seen at 8450 and above this 8520 Support for the immediate term is now placed at 8170 and next support will be 8065.
UPCOMING RESULTS: DIVISLAB, SINTEX, PTC, NDTV, GODREJIND, CHENNAIPETRO, AUROPHARMA, RCOM,TATAMOTORS, GAIL, TATAGLOBAL, HINDPETRO, CONCOR, RENUKA