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INDIAN BENCHMARKS: SENSEX SOARS 205 POINTS, NIFTY ENDS ABOVE 10050

Equity Tips

The market closed sharply higher, with the Sensex up 205.06 points at 32,514.94 and the Nifty up 62.60 points at 10077.10, driven by banks, oil, infra and technology stocks.

However, the market breadth was negative as about 1,442 shares declined against 1,264 advancing shares on the BSE.
State Bank of India surged 4.5 percent after the bank slashed saving deposit rates.

L&T was top gainer among Sensex stocks, up 2.2 percent followed by Lupin, ICICI Bank, Vedanta, Kotak Mahindra Bank with moderate gains. HDFC rebounded after initial fall.

HEADLINES OF THE DAY
ITC to soon foray into fruits, vegetables.
UPL Q1 consolidated net profit up 31%.
Torrent Pharma Q1 net profit down by 36%.

UPCOMING RESULT: JSWSTEEL, MARICO, OPTO CIRCUIT, POWERGRID, TORRENTPOWER, TCIXPS.

The crucial resistance for Nifty spot is now seen at 10125 and above this 10230.Support for the immediate term is now placed at 10000 and next support will be 9935.

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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