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Thursday, August 3, 2017

Equity Tips
Equity benchmarks fell sharply on Thursday due to continued selling pressure in banking & financials on profit booking.
The 30-share BSE Sensex was down 238.86 points at 32,237.88 and the 50-share NSE Nifty dropped 67.85 points to 10,013.65.

About two shares declined for every share rising on the BSE.
Reliance Industries ended at fresh record closing high of Rs 1,655, up 1.6 percent after hitting an intraday record high of Rs 1,665.

HEADLINES OF THE DAY
Titan Q1 net profit beats estimate.
IOCL Q1FY2018: Lower than expected operating profit.
Marico: De-stocking led to volume decline.

UPCOMING RESULT: ANDHRABANK, APOLLOTYRE, ARVIND, BERGERPAINT, CHENNAIPETRO, DABUR, GNFC, GSFC, HPCL, INDIANHOTEL, M&M, MONSANTO.

The crucial resistance for Nifty spot is now seen at 10135 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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