INDIAN EQUITY MARKET WRAP UP- 17 Jan 2017

INDIAN BENCHMARKS: SENSEX ENDS DOWN 52 POINTS NIFTY 50 BELOW 8400

The market has ended in red. The Sensex was down 52.51 points or 0.2 percent at 27235.66 and the Nifty slipped 14.80 points or 0.2 percent at 8398. About 1342 shares have advanced, 1377 shares declined, and 320 shares are unchanged.

NTPC, Asian, Axis Bank, Hero MotoCorp and HUL were top gainers while Reliance, Coal India, Adani Ports, ONGC and HDFC were losers in the Sensex.

HEADLINES OF THE DAY

Havells Q3: Profit at Rs153 Cr.

IMF downgrades India's growth forecast to 6.6% from 7.6%.

Reliance drops as Q3FY2017 refining margins disappoint.

UPCOMING RESULT: KPIT, TRIDENT, INTL PAPER, STERLITE TECH, HATSON AGRO, HINDUSTAN MEDIA, MUTHUTFN

The crucial resistance for Nifty spot is now seen at 8430 and above this 8475 Support for the immediate term is now placed at 8320 and next support will be 8275.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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