INDIAN BENCHMARKS: SENSEX ENDS 75 POINTS LOWER,NIFTY 50 AT 8323
Equity benchmarks were range bound with a negative bias on Friday as globally investors waited for the US jobs data (due later today) before taking any fresh long positions. Weak Asian cues after sharp fall in oil prices in previous session and profit booking weighed on the market.
The 30-share BSE Sensex fell 74.59 points to 27126.90 and the 50-share NSE Nifty slipped 14.70 points to 8323.20. The market breadth remained negative throughout the session as about 1556 shares declined against 1153 advancing shares on the Bombay Stock Exchange.
HEADLINES OF THE DAY
Govt grants exemption of export duty to sugar refining companies
Cadila's Moraiya mfg facility receives EIR from USFDA
BGR Energy receives nod for execution of Rs2, 300 cr project
The crucial resistance for Nifty spot is now seen at 8443 and above this 8561. Support for the immediate term is now placed at 8294 and next support will be 8230.
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