Equity benchmarks closed range bound session mildly lower on Wednesday but the broader markets continued their run-up for fifth consecutive trading day.
Benchmark indices opened the day at fresh record highs, but immediately wiped out those gains and remained range bound for rest of the day. The consolidation was expected after a rally due to BJP winning in Gujarat and Himachal Pradesh assembly elections.
The 30-share BSE Sensex close down 59.36 points at 33,777.38 and the 50-share NSE Nifty fell 19 points at 10,444.20, after hitting fresh all-time high of 33,956.31 and 10,494.45, respectively.
HEADLINES OF THE DAY
HDFC Ltd to raise up to Rs13,000cr
Strides Shasun surges on acquiring controlling stake in Trinity Pharma
Bharti Airtel and Tata Tele announce ratio for demerger of consumer business.
The crucial resistance for Nifty spot is now seen at 10530 and above this 10600.Support for the immediate term is now placed at 10400 and next support will be 10360.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Visit Here- http://www.capitalstars.com/
0 Comments