INDIAN BENCHMARKS: NIFTY ENDS BELOW 8450, SENSEX RECOVERS 1300 POINTS POST TRUMP WIN
The market staged a comeback in late trade after intraday swing of around 1500 points. The Sensex was down 338.61 points or 1.2 percent at 27252.53 and the Nifty slipped 111.55 points or 1.3 percent at 8432.About 635 shares have advanced, 2131 shares declined, and 96 shares were unchanged.Dr Reddy's Labs, Sun Pharma, SBI, GAIL and Lupin were top gainers while TCS, Maruti, Hero MotoCorp, BHEL and Adani Ports were losers.
HEADLINES OF THE DAY
Apollo Tyres Q2 consolidated net profit down 7% (YoY).
Karnataka Bank Q2 net profit up 21% (YoY).
RECL Q2 net profit up 8% (YoY).
The crucial resistance for Nifty spot is now seen at 8620 and above this 8670 Support for the immediate term is now placed at 8400 and next support will be 8350.
UPCOMING RESULTS: FORTIS, IGARASHI, BFUTILITIE, UBHOLDING, JAIN IRRIGATION, MINDAIND, PAGEIND, MANNAPURAM, THERMAX, PHILLIPCARBON, MOTHERSUMI, WOCKPHARMA. NAMGALAM, SUNPHARMA, ABIRLANUVO, BANKINDIA, LAOPALA, TATACHEM, PFC