Market News- Earnings of few heavyweight will be crucial in deciding market course on Friday while global cues are weak. Yesterday, Equity benchmarks extended losses in late trade weighed down majorly by banks as june quarter earnings raised asset quality concerns, The fall was also partly led by profit booking.
Today Announcing Result- Axis bank, Equitas holdings, M and M Financial services, CESC, Praj Industries, Atul Ltd, Kirloskar pneumatic, Tata Metaliks, Thyrocare Technologies, TIL, Vijaya bank, Oriental Carbon and Chemicals, Coromandel engineering company, Hinduja Ventures, Nava Bharat ventures.
Nifty Recommendation- SGX nifty 50-trends- BEARISH TO CONSOLIDATE
Strategy- SELL on High
Support 1 8460 Support 2 8420
Resistance 1 8550 Resistance 2 8600
Live Market 11:40, The 30-share BSE Sensex trading up 24.44 points or 0.09 percent at 27734.96 and The 50-share Nifty index trading gain 12.40 points or 0.15% at 8522.50.
The BSE Midcap index is trade rise 0.72 percent at 12245.31 and The BSE Smallcap index up 0.67 percent at 12090.32.
About 1198 shares advanced against 910 shares advancing share on the BSE.
Among Power Grid 2.80%, Gail 1.39%, Tata Motors 1.15%, NTPC 0.90%, L&T 0.87% were top Gainers today, while Hind.Unilever 1.03%, Infosys 0.96%, Wipro 0.87%, Bajaj Auto 0.85%, Wipro 0.85%, SBI 0.60% were top Losers today.