The market has ended first session of the new fiscal on a strong note, with the Sensex gaining over 280 points, while the Nifty has managed to end above 10,200. A gain in pharma, auto, IT and infra names pushed the indices in a strong zone, but a last hour recovery in the Bank Nifty aided sentiment and helped both close around high points of the day. The market breadth favoured the advances.
The Sensex is up 286.68 points or 0.87% at 33255.36, while the Nifty is up 98.10 points or 0.97% at 10211.80.
Adani Ports, Kotak Mahindra Bank, and Cipla have gained the most on both indices, while ICICI Bank, Axis Bank, and IOC were the top losers.
HEADLINES OF THE DAY
Dr. Reddy’s files NDA for anti-migraine candidate
Hero MotoCorp reports highest ever monthly sales in March 2018, stock up 2.6%
TVS Motor stock surges over 7% on strong March 2018 sales
The crucial resistance for Nifty spot is now seen at 10280 and above this 10430. Support for the immediate term is now placed at 10100 next support will be 9950.
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