Sensex ends on a flat note, Nifty just below 10,950; TCS surges 5%

After trading largely around flat lines, with bouts of a rally, the market has ended the day on a flat note. The Sensex has managed to hold 36,000, while the Nifty ended just below 10,950-mark.

The Sensex is down 21.43 points or 0.06% at 36218.19, while the Nifty is down 1.40 points or 0.01% at 10945.90. The market breadth was negative as 1034 shares advanced, against a decline of 1538 shares, while 160 shares were unchanged.

TCS, Bajaj Auto, and Bharti Infratel were the top gainers, while Coal India, Vedanta, and UPL lost the most.

HEADLINES OF THE DAY

 Results to be announced tomorrow :- Crown Tours, Cyient, Inditalia Refon, Karnataka Bank and Talwalkars LifeLeading commodity bourse MCX said the trading was halted at its platform for a brief period in the morning due to a technical glitch.

European shares traded sharply lower after US authorities unveiled a new list of Chinese products that could see tariffs.

Telecom Minister Manoj Sinha said that the government has approved the Idea Cellular and Vodafone India merger, the sector's biggest, but the companies need to complete some formalities for the final closure of the deal.

V2 Retail share price rallied 5 percent intraday after ace investor Ashish Kacholia picked up a percent stake in the company.

The crucial resistance for Nifty spot is now seen at 11100 and above this 10960. Support for the immediate term is now placed at 10700 next support will be 10640.

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