INDIAN EQUITY MARKET OUTLOOK- 14 SEP 2018
Closing Bell: Sensex ends over 370 points higher, Nifty ends above 11,500; midcaps outperform.
There was buying visible across all the sectors, with maximum gains visible among banks, automobiles, metals, and pharmaceuticals as well. Huge gains in the midcaps segment also boosted market sentiment. The Nifty Midcap ended with gains of 2 percent.
At the close of market hours, the Sensex ended up 372.68 points or 0.99% at 38090.64, while the Nifty closed higher by 145.30 points or 1.28% at 11515.20.
The market breadth is positive as 1,797 shares advanced, against a decline of 834 shares, while 183 shares were unchanged.
Vedanta, Bharti Airtel, Indiabulls Housing and BPCL have gained the most, while Coal India, Infosys and HCL Tech have lost the most.
HEADLINES OF THE DAY
Bajaj Finserv Ltd spurts 1.78%, rises for third straight session.
IL&FS Transportation Networks Ltd leads losers in A group.
Nifty FMCG Index rises 2.53%.
The crucial resistance for Nifty spot is now seen at 11550 and above this 11700 Support for the immediate term is now placed at 11430 next support will be 11300.
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