Markets
remained tepid in trade with no significant moves in either direction. Some
volatility was there in afternoon dragged market lower. Nifty managed to close
above 8150.The Sensex closed down 57 points at 26667, and
the Nifty ended 18 points at 8160. Auto shares firmed up
ahead of their May sales numbers. Maruti Suzuki, Bajaj Auto and Hero Moto ended
up 0.6%-2% each.
Sunpharma
was the top loser which ended down 6% on the back of lower than expected annual
sales outlook and pressure on profits on the back of higher spends to
strengthen its US operations. IT exporters which had gained in the previous
session eased on profit taking after the rupee firmed up against the US dollar.
Infosys, TCS and Wipro ended down 0.7%-1.8% each. Market is waiting for GDP
data for the fourth quarter and financial year ended March 31, 2016.
Tata
Motors, Tata Steel, SBI, Maruti and Adani Ports were top gainers while Sun Pharma,
TCS, GAIL, ONGC and Reliance were losers.
Before
some correction nifty may test 8250-8270.
RESISTANCE:8205, 8250
SUPPORT: 8125, 8090
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