INDIAN EQUITY MARKET WRAP UP-22 JULY 2016


Intaday Stock Futures

INDIAN BENCHMARKS: SENSEX SURGES 93 POINTS, NIFTY 50 TOPS 8540

Buying interest in heavyweights such as HDFC, BHARATFIN,BIOCON,TATAMOTOR and RELIANCE overshadowed weakness in the banking space, helping the benchmark Sensex end higher in a choppy market on Friday. 

The Sensex climbed 92.72 points, or 0.33 per cent, to settle at 27,803.24. The Nifty50 ended the session at 8541.20, up 31.10 points, or 0.37 per cent. 

HEADLINES OF THE DAY
Bharat Financial Q1 net profit at Rs236 crore.
Biocon spurts on better than expected Q1FY2017 results.
Federal Bank reports good Q1 Quarter; Asset Quality Stable.

The crucial resistance for Nifty spot is now seen at 8605 and above this 8657. Support for the immediate term is now placed at 8485 and next support will be 8430.

UPCOMING RESULTS : HAVELLS, KALINDIEE, MPHASIS, UNICHEMLAB, CANBK, EVEREADY, IBULHSGFIN, KPRMILL, NAVINFLUORINE, TEXRAIL

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