Benchmark indices gained strength in the final hours of trade, with the Nifty closing above 10,000 for the first time ever. The Sensex closed higher by over 150 points.
The Sensex ended up 154.19 points at 32382.46, while the Nifty closed higher by 56.10 points at 10020.65. The market breadth, however, was narrow as 1349 shares advanced against a decline of 1332 shares, while 176 shares are unchanged.
Midcaps too gained in the day’s trade, just a touch short of Nifty’s overall gain. Metal stocks surged on the back of a global commodity rally.
HEADLINES OF THE DAY
Bharat Financial Q1 below estimate.
Yes Bank Q1 net up 32% at Rs965.5 cr.
HDFC Q1 net profit misses street estimates.
UPCOMING RESULT: BIOCON, DRREDDY, GLENMARK, HCLTECH, EXIDEIND, ICICIBANK, IDEA, IDFCBANK, MARUTI, ONGC, RELCAP, TATACOFFEE.
The crucial resistance for Nifty spot is now seen at 10025 and above this 10130.Support for the immediate term is now placed at 9985 and next support will be 9915.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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