INDIAN EQUITY MARKET WRAP UP- 7 Feb 2017

INDIAN BENCHMARKS: SENSEX FALLS 104 POINTS, NIFTY HOLDS 8750

Benchmark indices lost ground on profit booking as investors remained cautious ahead of RBI policy due tomorrow.The 30-share BSE Sensex was down 104.12 points at 28335.16 and the 50-share NSE Nifty declined 32.75 points to 8768.30.The market breadth was negative as about 1551 shares declined against 1342 advancing shares on the BSE. BHEL surges 5 percent on better-than-expected earnings.

HEADLINES OF THE DAY

BHEL Q3FY2017: Margin expand on lower other expenses.

Government sells 2% SUUTI stake in ITC.

Ceat Q3 numbers below estimates.

UPCOMING RESULT: BHARAT FORGE, CIPLA, CITY UNION BANK, HEROMOTO, HATHWAY, IGL, IGARASHI, JAYSHREE TEA, MANNAPURAMFIN, NTPC, RELPOWER, SIEMENS, TATACHEM, UNIONBANK, UBL, CITYUNION BANK.

The crucial resistance for Nifty spot is now seen at 8810 and above this 8885 Support for the immediate term is now placed at 8670 and next support will be 8595.

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

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