INDIAN EQUITY MARKET WRAP UP-11 JULY 2016


Intaday Stock Futures

INDIAN BENCHMARKS: SENSEX NIFTY AT 10 MONTHS CLOSING HIGH 

The market has ended at fresh 10-month closing high. The Sensex was up 499.79 points or 1.8 percent at 27626.69, and the Nifty up 144.70 points or 1.7 percent at 8467.90. About 1713 shares have advanced, 1052 shares declined, and 182 shares are unchanged. 
The Nifty50 reclaimed its crucial resistance level of 8,400 for the first time in the last 10 months, supported by gains in realty, power, oil & gas, capital goods, and auto stocks. 
Adani Ports, Tata Motors, ICICI Bank, Maruti and SBI were top gainers.

HEADLINES OF THE DAY
Indusind Bank Q1 earnings In-line with estimates
Tata Motors global sales rise 21% to 92,551 units in June
PNB surges as RBI lifts restrictions

The crucial resistance for Nifty spot is now seen at 8530 and above this 8621. Support for the immediate term is now placed at 8356 and next support will be 8290.

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