SENSEX ENDS OFF DAY’S HIGH, NIFTY FAILS TO HOLD 8750

Equity benchmarks closed off day's high amid consolidation Thursday after strong 486-point Budget rally on the Sensex in previous session. Overall investors remained on sidelines after pricing Budget event and await RBI policy due next week & corporate earnings.

The 30-share BSE Sensex rose 84.97 points to 28226.61 and the 50-share NSE Nifty gained 17.85 points at 8734.25.

HEADLINES OF THE DAY

Godrej Properties reports strong Q3 earnings.

Marico Q3 result meets estimates.

Tata Global Bev Q3 Cons Profit at Rs144 Cr Vs Rs65.9 Cr (YoY).

UPCOMING RESULT: ACC, DALMIA BHARAT, JET AIRWAYS, JKLAXMI CEM, MCLEODRUSS, PVR, STAR, TORRENT PHARMA, WHIRLPOOL.

The crucial resistance for Nifty spot is now seen at 8750 and above this 8810 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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