INDIAN BENCHMARKS: SENSEX UP 100 POINTS, NIFTY CLOSES AT FRESH HIGH

Benchmark indices began the week on a positive note, with the Sensex ending over 100 points higher, while the Nifty closed at a fresh closing high.

The Sensex closed up 133.97 points at 30322.12, while the Nifty ended 44.95 points higher at 9445.85. The market breadth, however, was narrow as 1,495 shares advanced against a decline of 1,317 shares, while 182 shares were unchanged.

Tata Steel, Hindalco and Dr Reddy’s Laboratories gained the most on both the indices, while Infosys, Hero MotoCorp, and Aurobindo Pharma lost the most.

Metals index rose the most on the Nifty, posting 2 percent gain, which was followed by pharma as well as banks and auto indices, while information technology (IT) stocks were a drag.

HEADLINES OF THE DAY

Vedanta consolidated profit above estimate.

Colgate-Palmolive net profit below estimates.

Apollo Tyres announces price hike of 3%.

UPCOMING RESULTS: ANDHRABANK, DISHMAN, GRASIM, ORIENTPAPER, PNB, QUESSCORP, SOBHA, TATASTEEL, TCI, WHIRLPOOL, OFSS, PIIND, SHREE CEM,

The crucial resistance for Nifty spot is now seen at 9510 and above this 9550.Support for the immediate term is now placed at 9410 and next support will be 9370.

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