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NIFTY ENDS BELOW 9600, SENSEX FALL FOR THE SECOND DAY

market-wrap-up

INDIAN BENCHMARKS: NIFTY ENDS BELOW 9600, SENSEX FALL FOR THE SECOND DAY

Equity benchmarks continued to be range bound not only on Friday but also for the week after investors digested macro-economic data and Fed rate hike.

The 30-share BSE Sensex was down 19.33 points at 31,056.40 and the 50-share NSE Nifty rose 10 points to 9,588.05.

The broader markets marginally outperformed benchmarks, with the BSE Midcap and Smallcap indices rising 0.4 percent each.

HEADLINES OF THE DAY

  • TCS introduces ignio for SAP operations.
  • Reliance, BP plans to jointly develop 3 dry gas projects.
  • IPCA Labs: USFDA barred all drugs manufactured at Ratlam.

The crucial resistance for Nifty spot is now seen at 9648 and above this 9710.Support for the immediate term is now placed at 9547 and next support will be 9500.

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