INDIAN BENCHMARKS: SENSEX GAIN 231 POINTS, NIFTY 50 CLOSED ABOVE 9350

Benchmark indices closed higher, with the Nifty and Bank Nifty at record closing high, backed by ICICI Bank that rallied 9 percent post earnings.

The 30-share BSE Sensex was up 231.41 points at 30,126.21 and the 50-share NSE Nifty gained 47.95 points at 9,359.90, the highest ever closing level.

The market breadth was balanced as about 1428 shares advanced against 1431 declining shares on the BSE.

HEADLINES OF THE DAY

ICICI Bank Q4 net profit up 3-fold.

Exide Industries Q4FY2017 results broadly in line.

TVS Motor to launch the Apache RR310S around mid-2017.

UPCOMING RESULTS: APOLLOTYRE, DALMIA SUGAR, EICHERMOT, EQUITAS, GE SHIPPING, MONSANTO, NIITTECH, RAIN, SHOPPERSTOP, SPARC, UNIVERSAL CABLE, FSL,BLUEDART.

The crucial resistance for Nifty spot is now seen at 9390 and above this 9440.Support for the immediate term is now placed at 9300 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.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Visit Here- http://www.capitalstars.com/