Equity benchmark indices ended the session on a positive note, with the Sensex and Nifty holding on to key levels of 31000 and 9600.
The Sensex was up 50.12 points at 31159.40, while the Nifty was up 19.65 points at 9624.55. The market breadth was negative as 1,232 shares advanced against a decline of 1,452 shares, while 155 shares were unchanged.
Adani Ports, Aurobindo Pharma, and NTPC were the top gainers, while BHEL, ITC, Power Grid Corp and BPCL lost the most.
Pharma stocks had a field day, showing strength after days of corrective phase. The index on the Nifty was up over 2 percent. PSU banks too gained nearly 2 percent. Midcaps too had a good day, adding over a percent on the Nifty.
HEADLINES OF THE DAY
Hindalco Q4 profit jumps 26% to Rs 502 cr but operational numbers miss estimates.
M&M Q4 profit rises 26% to Rs 874 cr, says FY18 outlook much more robust.
Bank of Baroda to raise up to Rs 9,000 crore.
UPCOMING RESULTS: CASTROLIND
The crucial resistance for Nifty spot is now seen at 9640 and above this 9670.Support for the immediate term is now placed at 9540 and next support will be 9460.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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