INDIAN EQUITY MARKET WRAP UP- 17 FEB 2017
INDIAN BENCHMARKS: SENSEX RISES 167 POINTS, NIFTY ENDS AT 8822
Benchmark indices closed higher for second consecutive session, with the Sensex rising 167.48 points to 28468.75. The Nifty ended above 8800 level, up 43.70 points at 8821.70.
The market breadth was balanced today. Sun Pharma, HDFC Bank, GAIL, ICICI Bank, Cipla and Tata Motors were top gainers while Infosys, Asian Paints, TCS, Hero Motocorp, Wipro, Bharti Infratel, Hindalco and Idea Cellular were under pressure.
HEADLINES OF THE DAY
- Cipla launches Hepatitis B vaccine in India.
- HDFC Bank jumps; RBI removes ban on FII investment.
- Idea, BHEL to be removed from Nifty 50.
The crucial resistance for Nifty spot is now seen at 8896 and above this 8940 Support for the immediate term is now placed at 8730 and next support will be 8685.
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