INDIAN BENCHMARKS: SENSEX FLAT, NIFTY ENDS AT 8793
Benchmark indices closed range bound session on a flat note, with the Sensex rising 4.55 points to 28334.25 and the Nifty up 15.15 points at 8793.55. About 1533 shares declined against 1311 advancing shares on the BSE.
TCS, Infosys and Wipro gained for third consecutive session, up 0.7-2.9 percent despite rupee gains against US dollar. Adani Ports gained 2.3 percent.
However, ITC, ICICI Bank, Lupin, HDFC, Asian Paints and Dr Reddy's Labs were down 0.6-2 percent.
HEADLINES OF THE DAY
Tata Power Q3 consolidated net profit up 38% (YoY).
M&M Q3 net profit up 33%.
CESC Q3 net profit up 5% (YoY).
UPCOMING RESULT: BALRAMPURCHINI, COALINDIA, IDEA, IFCI, MAHANAGAR GAS, MANGALAMCEM, RCOM, SAHLIMAR PAINT, UFLEX, VIDEOCON, ICL, ALBK, ALLCARGO, PFC, HINDALCO, BRITANNIA, MAXINDIA, HINDPETRO, NDC, NBCC, PFC, RELINFRA
The crucial resistance for Nifty spot is now seen at 8845 and above this 8890 Support for the immediate term is now placed at 8670 and next support will be 8595.