Erasing a huge chunk of its gains through the day, the market ended the session on a flat note, with the indices ending above key milestones of 30K and 9400.
The Sensex closed up 2.81 points at 30250.98, while the Nifty ended higher by 15.10 points at 9422.40. The market breadth favored the declines as 1,246 shares advanced against a fall of 1,588 shares, while 169 shares were unchanged.
Two-wheeler stocks gained throughout the day, followed by Zee Entertainment, while oil and gas stocks and Bharti Airtel were a drag.
The midcap index ended flat, while auto, IT and metals ended on a positive note. Meanwhile, banks closed lower.
HEADLINES OF THE DAY
FSSAI proposes tax on all packaged foods.
Zee Entertainment Q4FY17: Good show, maintain Buy.
Hero Motocorp gains post Q4FY2017 results.
UPCOMING RESULTS: CENTURYTEX, DLINK, DRREDDY, NDTV, NESTLE, ORIENTBANK, TITAN, VARUN BEVERAGES, NDTV, LALPATHLAB, UCOBANK, AND VENKYS.
The crucial resistance for Nifty spot is now seen at 9440 and above this 9500.Support for the immediate term is now placed at 9370 and next support will be 9300.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Visit Here- http://www.capitalstars.com/
0 Comments