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Monday, April 17, 2017

Equity Tips

INDIAN BENCHMARKS: SENSEX NIFTY ENDS ON A NEGATIVE NOTE

Benchmark indices ended the day on a negative note, with the Nifty ending below the 9150-mark.
The Sensex was down 47.79 points at 29413.66, while the Nifty was down 11.50 points at 9139.30. The market breadth was narrow as only 1,505 shares advanced against a decline of 1,409 shares, while 171 shares were unchanged.

GAIL, Reliance and Indiabulls Housing were among top gainers, while NTPC, Sun Pharma and Bharti Infratel were top losers on both the indices.

HEADLINES OF THE DAY
DCB Bank Q4 net profit down 24%.
Sun Pharma drops on 11 observations after USFDA audit.
Dr Reddy gains as USFDA completes audit.
            
UPCOMING RESULTS: TCS, HOEC, VST, HINDOILEXP

The crucial resistance for Nifty spot is now seen at 9205 and above this 9251.Support for the immediate term is now placed at 9109 and next support will be 9025.

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