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INDIAN BENCHMARKS: SENSEX ENDS DOWN 250 POINTS LOWER, NIFTY BELOW 9850

Equity Tips
Dragged largely by a weak day of trade on Infosys, benchmark indices ended the session and the week on a negative note, with the Nifty snapping 9900-mark.
The Sensex closed down 270.78 points at 31524.68, while the Nifty ended lower by 66.75 points at 9837.40. The market breadth was negative as 1,003 shares advanced, against a decline of 1,527 shares, while 124 shares were unchanged.

IT stocks fell the most, followed by pharmaceuticals, which also witnessed some weak movements. Midcaps, on the other hand, cut a good chunk of its losses, while OMCs and FMCG gained.

HUL, Bharti Airtel and BPCL gained the most on both indices, while Infosys and Sun Pharma lost the most.

HEADLINES OF THE DAY
Infosys plunges as MD and CEO Vishal Sikka resigns.
Raymond acquires Ansell’s stake in Brand Kamasutra
MCX drops as SEBI to submit auditor’s report.

The crucial resistance for Nifty spot is now seen at 9860 and above this 9935.Support for the immediate term is now placed at 9790 and next support will be 9740.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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