INDIAN BENCHMARKS: NIFTY ENDS BELOW 8450, SENSEX FALL OVER 150 POINTS
The market has ended in red for 5th consecutive day. The Sensex was down 156.13 points or 0.6 percent at 27274.15, and the Nifty slipped 51.20 points or 0.6 percent at 8433.75.About 698 shares have advanced, 2205 shares declined, and 119 shares are unchanged.
Sun Pharma, Dr Reddy's Labs, Lupin, Hero and Coal India were top losers while ITC, Wipro, M&M, HUL and ICICI Bank were losers in the Sensex.
HEADLINES OF THE DAY
ONGC, Cairn to bear additional burden of service tax worth Rs750 cr.
Pharma stocks down on investigation by US Dept of Justice.
Allahabad Bank Q2 net profit down 63% (YoY).
The crucial resistance for Nifty spot is now seen at 8550 and above this 8615 Support for the immediate term is now placed at 8400 and next support will be 8335.
UPCOMING RESULTS: PNB, AMARAJBAT, NILKAMAL, AEGISCHEM, UNITEDBANK, ICICIBANK, EIDPARRY, ECLERX, BRITANNIA, ABAN, CEAT,GODREJCP
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