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INDIAN BENCHMARKS: SENSEX ENDS MILDLY LOWER NIFTY MANAGES TO HOLD 10200

Equity Tips

Equity benchmarks ended mildly lower on last day of Samvat 2073, dragged by banks after disappointing numbers from Axis Bank.
The 30-share BSE Sensex was down 24.81 points at 32,584.35 and the 50-share NSE Nifty fell 23.60 points to 10,210.90.

The market breadth was also in favour of declines as about 1,386 shares declined against 1,282 advancing shares on the BSE.

Axis Bank was biggest loser after sharp rise in slippages in Q2. The stock was down 6.5 percent.

HEADLINES OF THE DAY
Power Grid Corporation of India emerges as the successful bidder under TBCB.
Axis Bank to see sharp fall on dismal Q2 FY18 earnings.
UltraTech Cement Q2FY18 consolidated net profit declines 31% yoy.

The crucial resistance for Nifty spot is now seen at 10280 and above this 10375.Support for the immediate term is now placed at 10180 and next support will be 10100.

UPCOMING RESULTS: HAVELLS, HINDZINC, IBULHSGFIN, NOCIL, TINPLATE

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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