INDIAN BENCHMARKS: NIFTY ENDS BELOW 8000, SENSEX DOWN 385 POINTS, THE 6TH CONSECUTIVE DAY
Equity benchmarks remained under pressure as the Sensex was down 385.10 points or 1.47 percent at 25765.14 and the Nifty down 145 points or 1.80 percent at 7929.10, erasing all 2016 gains.
The Sensex has seen the biggest losing streak since March 2015. About five shares declined for every share rising on the BSE.
HEADLINES OF THE DAY
Bharat Forge to buy WFT for $14 mn.
India Cements Q2 net profit up 62% (YoY).
Dilip Buildcon gets new project in AP.
The crucial resistance for Nifty spot is now seen at 8090 and above this 8210 Support for the immediate term is now placed at 7840 and next support will be 7715.
UPCOMING RESULTS: ALLCARGO, LT, IRB, BRILA CORP.
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