Benchmark indices ended the session on an extremely strong note, with the midcaps too bouncing back after days of correction. Sensex clocked a fresh record high, surpassing its earlier mark of 30712, while the Nifty gained nearly 2 percent.
The Sensex was up 448.39 points at 30750.03, while the Nifty ended 140.95 points higher at 9501.50. The market breadth was healthy as 1,875 shares advanced against a decline of 807 shares, while 152 shares were unchanged.
Larsen & Toubro, HDFC Bank, ICICI Bank and Bank of Baroda were among the top gainers, while Lupin, Dr Reddy’s Laboratories and Cipla lost the most.
Banks outperformed, with the Bank Nifty ending 3 percent higher, while the midcaps gained over a percent, snapping its 6-day bearish run in the recent past.
HEADLINES OF THE DAY
PC Jeweller Q4 net profit rises.
Jain Irrigation jumps on stellar Q4FY2017 performance.
Indian Oil Q4 Standalone PAT at Rs3720 Cr.
UPCOMING RESULTS: ALKEMLAB, BEML, CG POWER, DIVIS LAB, HPCL, ITC, NBCC, ONGC, TECHM, SUNTV, SUNPHARMA, TORRENTPHARMA, VIDEOCON
The crucial resistance for Nifty spot is now seen at 9540 and above this 9575.Support for the immediate term is now placed at 9460 and next support will be 9370.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Visit Here- http://www.capitalstars.com/
0 Comments