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Tuesday, July 18, 2017

Equity Tips
Sensex rebounds 100 pts, Nifty opens above 9850; Aurobindo soars 8%

Equity benchmarks rebounded on Wednesday after yesterday's steep fall, backed by short covering in beaten down stocks.

The 30-share BSE Sensex was up 104.05 points at 31,815.04 and the 50-share NSE Nifty rose 33.90 points to 9,861.05.

Healthcare stocks were in demand as Aurobindo Pharma rallied 7.5 percent followed by Lupin, Sun Pharma after USFDA approvals.

HUL gained nearly a percent post better-than-expected earnings. ITC rebounded 1 percent after yesterday's 13 percent correction.

Eicher Motors, ACC and Zee Entertainment gained 1 percent whereas Bajaj Auto and UltraTech Cement were under pressure.

Nifty Midcap was up 0.4 percent as about five shares advanced for every share falling on the BSE.

Asia markets were mixed as dimmed prospects for US healthcare reform led to the dollar wallowing near 10-month lows.

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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