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INDIAN BENCHMARKS: PROFIT BOOKING DRAGS SENSEX NIFTY ON THE EXPIRY DAY

Equity Tips

After witnessing a stellar rally through the week, the market took a breather and ended the April series on a negative note, with the Nifty snapping 9350-mark. Likely profit booking due to the rally could have dragged the indices.

The 30-share Sensex was down was down 103.61 points at 30029.74, while the Nifty was down 9.70 points at 9342.15. The market breadth was negative as 1,308 shares advanced against a decline of 1,564 shares, while 168 shares were unchanged.

Lupin, Aurobindo Pharma and ITC were the top losers, while Tata Motors, Infosys, Yes Bank and ACC gained the most.

HEADLINES OF THE DAY
Maruti Suzuki Q4 topline meet estimates
Kotak Mahindra Bank Q4 profit below estimates.
Tata Sponge Q4 net profit up 62% (YoY).

UPCOMING RESULTS: IDFC, CEAT, UPL, AMBUJA CEM, FEDERAL BANK, KITEX, NAVIN FLUORINE, VARDHAMAN, CHOLAFIN, RAYMOND.

The crucial resistance for Nifty spot is now seen at 9390 and above this 9440.Support for the immediate term is now placed at 9230 and next support will be 9170.

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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