INDIAN EQUITY MARKET WRAP UP- 16 FEB 2017
INDIAN BENCHMARKS: SENSEX SNAPS 2 DAYS LOSSES,NIFTY ENDS ABOVE 8750
Benchmark indices snapped two-day losing streak on Thursday, driven by healthcare, technology and auto stocks. The 30-share BSE Sensex was up 145.71 points at 28301.27 and the 50-share NSE Nifty rose 53.30 points to 8778.
About 1814 shares advanced against 992 declining shares on the BSE.
Sun Pharma, Infosys, Maruti Suzuki, Tata Steel, GAIL, Aurobindo Pharma and Tata Motors (DVR) gained 2-4 percent while ITC, L&T, ICICI Bank, Asian Paints, Coal India, Bharti Infratel, Bosch and BPCL were under pressure.
HEADLINES OF THE DAY
- Cadila jumps as USFDA issues no observation on Moraiya facility.
- Sun Pharma surges on Tentative USFDA nod for Tadalafil Tablets.
- TCS up as board to consider buyback of shares.
The crucial resistance for Nifty spot is now seen at 8845 and above this 8896 Support for the immediate term is now placed at 8685 and next support will be 8620.
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