Sensex, Nifty and Bank Nifty end at record closing highs; metals, FMCG gain big

Equity benchmarks have ended the day on an extremely strong note, with the Sensexrising over 350 points, while the Nifty was well above 11,250- mark.

The Sensex is up 352.21 points or 0.95% at 37336.85, and the Nifty up 111.10 points or 0.99% at 11278.40. The market breadth is positive as 1,638 shares advanced, against a decline of 956 shares, while 178 shares are unchanged.

All sectoral indices ended the day on a good note, with maximum gains among metals, FMCG and auto names. The Nifty Midcap index was higher by a percent.

ITC, Tata Motors, and IOC were the top gainers, while HUL, Adani Ports, Dr Reddy’s Laboratories and Bajaj Finserv were the top losers.

HEADLINES OF THE DAY

Results to be announced tomorrow :- Auto Corp Goa,Balmer Lawrie,BNK Capital,Damodar Ind,Godawari Power,Guj Amb Exports,High Energy,J. K. Cement,NTPC,Persistent,RamkrishnaForge,Unichem Labs.

Westlife Development posted profit at Rs 11.6 crore for the quarter ended June 2018. The growth was driven by revenue as well as operational performance with double digit same-store-sales growth.

Non-banking finance company Equitas Holdings' first quarter profit grew by 127 percent year-on-year to Rs 35.4 crore, driven by fall in provisions. Profit in the year-ago period stood at Rs 15.6 crore.

Shares of IL&FS Transportation Networks gained 19 percent as company announced rights issue worth Rs 3,000 crore.

The crucial resistance for Nifty spot is now seen at 11400 and above this 11550 Support for the immediate term is now placed at 11180 next support will be 11090.

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