Equity benchmark indices began the week on a positive note, with the Nifty closing above 9900 for the first time ever.
The Sensex closed up 54.03 points at 32074.78, while the Nifty ended higher by 26.60 points at 9912.95. The market breadth was negative as 1302 shares advanced against a decline of 1395 shares, while 156 shares were unchanged.
Wipro, Cipla, UltraTech Cement and Vedanta gained the most on both indices, while ITC and Coal India lost the most.
Midcaps underperformed the Nifty, but still had a strong session, while FMCG stocks took a hit. The Bank Nifty too ended above 24,000 for the first time.
HEADLINES OF THE DAY
IOCL likely to buy government’s 66.13% stake in Oil India.
ICICI Bank surges after subsidiary files DRHP for IPO.
Jubilant Food Q1 profit beats estimate.
UPCOMING RESULT: CRISIL, HUL, JAYBARATMARU, JUBILANT LIFE, SUNDARAMFIN, NETWORK 18, ULTRACEMCO, TV18, SASKEN
The crucial resistance for Nifty spot is now seen at 9945 and above this 10000 Support for the immediate term is now placed at 9907 and next support will be 9855.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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