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Friday, August 4, 2017

Equity Tips
Equity benchmarks rebounded after two-day losses, led by short covering in beaten down stocks like banks, auto stocks.
The 30-share BSE Sensex was up 87.53 points at 32,325.41 and the 50-share NSE Nifty gained 52.75 points at 10,066.40 despite weak market breadth.

About 1,385 shares declined against 1,204 advancing shares on the BSE.
Sun Pharma, Dr Reddy's Labs, Lupin, Cipla, Aurobindo Pharma, Ambuja Cements, ONGC, Bharti Airtel, HDFC, Hero MotoCorp and Yes Bank declined up to 2 percent.

HEADLINES OF THE DAY
Biocon drops after observations from USFDA.
Tata Chemicals cancels deal to acquire Unnati.
HPCL Q1 profit misses estimate.

UPCOMING RESULT: AMARAJBAT, DR LALPATH, BRITTANIA, NATCO PHARMA, NILKAMAL, TATASTEEL, WHIRLPOOL.

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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