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INDIAN BENCHMARKS: NIFTY CLOSED DOWN 16 POINTS AFTER A RANGE BOUND TRADE

Equity Tips

Equity benchmarks closed moderately lower after rangebound trade on Friday, dragged by technology, HDFC Group, metals and select auto stocks.
The 50-share NSE Nifty failed to hold 9,900 level, down 5.35 points at 9,886.35. The 30-share BSE Sensex was down 16.63 points at 32,020.75 on weak breadth.

About 1,685 shares declined against 1,006 advancing shares on the BSE.
Infosys lost ground in last hour of trade, down 0.6 percent after trading higher for most part of the session.

AU Small Finance Bank, CDSL, HUDCO, Avenue Supermarts, Eris Life and Tejas Networks fell up to 10 percent.

HEADLINES OF THE DAY
Adani Ports in fray for buying stake in Dredging Corp.
Biocon surges as USFDA approves Mylan’s trastuzumab biosimilar.
Infosys Q1FY2018 results: Beat estimates, maintain guidance.

UPCOMING RESULT: GRUHFINANCE, DCBBANK, KTKBANK,  ACC JUBLFOOD,  SHARDA MOTOR

The crucial resistance for Nifty spot is now seen at 9900 and above this 9945 Support for the immediate term is now placed at 9830 and next support will be 9775.

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

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