Driven by steady corporate earnings so far, benchmark indices closed the session on an extremely strong note, but the Nifty failed to achieve 10,000-mark in Monday’s trade.
The Sensex closed up 216.98 points at 32245.87, while the Nifty ended higher by 51.15 points at 9966.40, about 35 points away from the fresh milestone of 10,000. The market breadth was negative as the declines outnumbered the advances. About 1332 shares advanced against a decline of 1388 shares, while 173 shares were unchanged.
Bharti Airtel, Reliance and Wipro were the top gainers on both indices, while Dr Reddy’s Labs, Axis Bank and Vedanta lost the most.
HEADLINES OF THE DAY
Divis Q1FY2018 result lower than expectation.
Lupin’s Goa facility receives zero observation from USFDA.
IRB Infra Q1 net profit up by 31% (YoY).
UPCOMING RESULT: ASIAN PAINT, AXIS BANK, BHARTI, PIDILITEIND, RAYMOND, VEDL, ICICIPRU, KPRMILLS, HEROMOTO.
The crucial resistance for Nifty spot is now seen at 9985 and above this 10025 Support for the immediate term is now placed at 9900 and next support will be 9840.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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