Thursday, August 2, 2018

Selling on D-Street pushes Sensex over 350 pts lower, Nifty gives up 11,250; auto crack



Equity benchmarks have ended the day on a weak note, following weak global cues as well as profit booking in the market. The Sensex ended over 350 points lower, while the Nifty gave up 11,250 as well.

The Sensex closed down 356.46 points or 0.95% at 37165.16, while the Nifty ended lower by 101.50 points or 0.89% at 11244.70. The market breadth was narrow as 1332 shares advanced, against a decline of 1318 shares, while 166 shares are unchanged.

PowerGrid, IndusInd Bank, Lupin and Dr Reddy’s were the top gainers, while Airtel and Kotak Mahindra Bank lost the most.

HEADLINES OF THE DAY

Results to be announced tomorrow :- Balmer Invest,Bank of Mah,Berger Paints,Bharat Gears,Blue Chip Tex,Carborundum,CG Power,Ent Network Ind,Hinduja Venture,Ind & Prud Invt,Laurus Labs,Mangalam Cement,Nestle,Nilkamal,SAIL,Sharda Motor,Titan Company,VIP Industries.

Marico stock trips 5% after Q1 operational earnings

Tata Group to cut down number of companies listed on exchanges: Report

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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