Equity benchmarks began the week on a positive note, driven by a rally in banks as well as cement stocks. The performance helped the Nifty hold on to its 9300-mark.The Sensex was up 67.35 points at 29926.15, while the Nifty was up 25.40 points at 9310.70. The market breadth, however, was narrow as 1,634 shares advanced against a decline of 1,155 shares declined, while 178 shares were unchanged.
Ambuja Cements, Eicher Motors, Asian Paints and Lupin gained the most on both indices, while ITC, HDFC and BPCL lost the most.
HEADLINES OF THE DAY
ACC, Ambuja Cements surge on merger benefits.
Dalmia Bharat reports weak Q4 earnings.
Eicher Motors gains as Q4FY2017 in line results.
UPCOMING RESULTS: BHARTI AIRTEL, DENABANK, GODREJCP, INDIGO, MAJESCO, NALCO, PETRONET, SYNDICATEBANK, THYROCARE, VIJAYA BANK, KERNEX, LAOPALA.
The crucial resistance for Nifty spot is now seen at 9390 and above this 9440.Support for the immediate term is now placed at 9270 and next support will be 9230.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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