INDIAN BENCHMARKS: NIFTY CLOSED DOWN 71.45 POINTS AHEAD OF BUDGET 2017
Markets end lower ahead of the presentation of the Union Budget on February 1. The 30-share Sensex was down 193.60 points or 0.70 percent at 27655.96, while the Nifty snapped 8600-mark and ended down 71.45 points or 0.83 percent at 8561.30.
About 822 shares advanced, 1882 shares declined, and 312 shares were unchanged.
TCS and GAIL were the top losers on the Sensex, while Bharti Infratel and Grasim fell the most on the broader index. Meanwhile, ITC and Bajaj Auto were the top gainers on the 30-share index.
HEADLINES OF THE DAY
Dabur posts Weak Volume in Q3.
IOCL Q3 net profit up 29% at Rs3995 cr (YoY).
JSW Steel posts profit in Q3 earnings.
UPCOMING RESULT: APOLLOTYRE, CUMMINS, EICHERMOT, EQUITAS, MAHAMAYA STEEL, MAJESCO, PIDILITEIND, SHREE RENUKA, TATAGLOBAL, SBT.
The crucial resistance for Nifty spot is now seen at 8620 and above this 8680 Support for the immediate term is now placed at 8460 and next support will be 8330.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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