After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400. The Sensex managed to end the session just short of 37,700-mark.
The Sensex closed up 135.73 points or 0.36% at 37691.89, while the Nifty ended 26.30 points higher at 11387.10. The market breadth was narrow as 1,605 shares advanced, against a decline of 1,121 shares, while 176 shares were unchanged.
Banks led the gainers chart among all sectoral indices, while auto, energy and metals followed suit as well. In the broader markets, midcaps ended the day around half a percent higher.
Axis Bank, State Bank of India, and ICICI Bank were the top gainers, while Tata Motors, Kotak Mahindra Bank, GAIL and Dr Reddy’s Labs lost the most.
HEADLINES OF THE DAY
Results to be announced tomorrow :- AU Small Financ,Balkrishna,Benares Hotels,Birla Corp,Bombay Dyeing,Cambridge Tech,Dhampur Sugar,Edelweiss,Florence Invest,Jindal Hotels,Kalpataru Power,M&M,Merck,Motherson Sumi,PNB,PNC Infratech,SRF,Thomas Cook,Trident,TVS Motor.
HDFC Bank raises fixed deposit rates by up to 0.6%.
Tata Motors shares fall over 1% as JLR's UK sales in July decline sharply.
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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