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Friday, August 11, 2017

Equity Tips

Benchmark indices ended the session and the week on a negative note, with indices seeing big cuts in the day’s trade.

The Sensex closed down 317.74 points at 31213.59, while the Nifty ended lower by 109.45 points at 9710.80. The market breadth was negative as 1,003 shares advanced against a decline of 1,525 shares, while 135 shares were unchanged.

Dr Reddy’s Labs, Tata Motors DVR and Aurobindo Pharma gained the most on both indices, while State Bank of India, M&M, Hindalco and Vedanta were the top losers.

HEADLINES OF THE DAY
ONGC plans to raise Rs25, 000 crore via bond issue.
GAIL Q1: Improved profitability in LPG-LHC segment lifts EBITDA.
Ashok Leyland launches digital platform to boost after-sales biz.

UPCOMING RESULT: ADANIPORT, BFUTILITIE, DLF, JKCEM, RCOM, THYROCARE,PI INDUSTRY.

The crucial resistance for Nifty spot is now seen at 9775 and above this 9830.Support for the immediate term is now placed at 9700 and next support will be 9645.

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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