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Friday, April 7, 2017

Equity Tips
Benchmark indices closed sharply lower after the US launched dozens of cruise missiles against an airbase in Syria.The 30-share BSE Sensex was down 220.73 points at 29,706.61 and the 50-share NSE Nifty fell 63.65 points to 9,198.30, dragged by energy, pharma, FMCG and select banks stocks.

BPCL, INFRATEL, TCS and Indian Oil were top gainers on both indices, while Sun Pharma, LUPIN and Bank of Baroda were top losers.

HEADLINES OF THE DAY
Deepak Fertilisers arm to buy 76% stake in PCPL.
Alembic Pharma gets USFDA nod for generic drug.
Cadila files 17 products with USFDA.

The crucial resistance for Nifty spot is now seen at 9300 and above this 9375.Support for the immediate term is now placed at 9180 and next support will be 9135.

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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