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INDIAN BENCHMARKS: SENSEX CLOSES ABOVE 260 POINTS NIFTY ABOVE 9500

Equity Tips

Benchmark indices had a fantastic session on Tuesday, with indices closing at fresh all-time highs. The Nifty closed above 9500 for the first time ever.The Sensex ended up 260.48 points at 30582.60, while the Nifty closed higher by 66.85 points at 9512.25. The market breadth, however, was narrow as 1,426 shares advanced against a decline of 1,361 shares, while 178 shares were unchanged.

Hero MotoCorp, TCS and ACC were the top gainers on both indices, while BHEL, ONGC and Kotak Mahindra Bank lost the most.

Auto, FMCG and IT indices gained the most on Nifty, while metals saw some profit booking.

HEADLINES OF THE DAY
Indian Oil, MRF, PFC, REC in MSCI India index from May 31.
Maruti Suzuki to launch 2017 Dzire compact sedan today.
IOCL in talks with stakeholders of Chennai Petroleum for merger.

UPCOMING RESULTS: ALBK, BAJFINANCE, BAJAJFINSV, EDELWEISS, JKLAXMI, JSWSTEEL, MRPL, TCI, UBL, TCI.NIITLTD.

The crucial resistance for Nifty spot is now seen at 9550 and above this 9595.Support for the immediate term is now placed at 9450 and next support will be 9410.

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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