MARKET WRAP-UP For Today

INDIAN BENCHMARKS: SENSEX ENDS UP 191 POINTS, NIFTY ABOVE 10700

Benchmark indices closed higher following positive global cues and the correction in crude oil prices.The 30-share BSE Sensex was up 190.66 points at 35,160.36 and the 50-share NSE Nifty gained 47.10 points at 10,739.40 About 1,397 shares advanced against 1,262 declining shares on the BSE.

Nifty Midcap was up 0.8 percent.

Repco Home Finance, DHFL, Marico, Vijaya Bank, Mishra Dhatu, Balrampur Chini, Dhampur Sugar, CG Power, Indiabulls Real Estate, Indiabulls Ventures, Bombay Dyeing and Jet Airways gained up to 8 percent.

Can Fin Homes, InterGlobe Aviation, PC Jeweller, Minda Corporation, UPL, IDBI Bank and HDIL fell up to 19 percent..

The market has been holding early gains due to buying in HDFC (up 1.5 percent), HDFC Bank (0.83 percent), TCS (1.5 percent), Infosys (1 percent) and ITC (0.89 percent).

HEADLINES OF THE DAY

DLF plans to raise over Rs4, 000cr through QIP in June PC Jeweller stock gains 5%; board to consider share buyback on May 25 Alkem gets USFDA approval for Rabeprazole Sodium tablet
The crucial resistance for Nifty spot is now seen at 10790 and above this 10920. Support for the immediate term is now placed at 10635 next support will be 10520.

UPCOMING RESULTS: DABUR,INDIA GLYCOL,AJANTAPHARM,CENTURYTEX,HCLTECH,HEROMOTO,INDIGO,JMFINANCIAL,MARICO,SIEMENS,TATAPOWER,WELSPUNCORP

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