EquityTips

EquityTips
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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Tuesday, March 28, 2017

Equity Tips
After ending Monday on a slightly weak note, the market on Tuesday as ended on a very positive note. Equity benchmarks have gained on the back of a rally in banks, which saw stocks surging on the back of M&A buzz.The Sensex was up 172.37 points at 29411.56, while the Nifty was up 61.55 points at 9100.80. The market breadth, however, was very narrow with 1,439 shares advancing against a decline of 1,405 shares, while 207 shares remained unchanged.

Axis Bank, HDFC and Eicher Motors were the top gainers on both indices, while ONGC, Lupin, Tech Mahindra and Kotak Mahindra Bank were among the top losers.

Jet Airways gained nearly 2 percent in the last hour of trade after reports indicated a fundraising by selling a minority stake.

HEADLINES OF THE DAY
Aurobindo gains on USFDA approval for Meropenem injection.
Kotak Mahindra Bank board to consider raising of equity capital.
Dishman rallies as USFDA approves cancer drug Zejula.

The crucial resistance for Nifty spot is now seen at 9130 and above this 9175 Support for the immediate term is now placed at 9003 and next support will be 8920.

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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