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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 05 APR 2019

market-wrap-up

Closing Bell: Nifty ends above 11,650, Sensex gains 177 pts; Tata Steel jumps 3%.

Benchmark indices ended near day’s high level on Friday with Nifty ended above 11,650 level.
At the end the Sensex was up 177.51 points at 38862.23, while Nifty was up 68 points at 11666. About 1500 shares have advanced, 1049 shares declined, and 165 shares are unchanged.
Tata Steel, UltraTech Cement, Eicher Motors, Bajaj Finance and Vedanta were among major gainers on the Nifty, while losers were Power Grid Corp, Britannia Industries, SBI, Zee Entertainment and Hero Motocorp
On the sectoral front, FMCG and PSU bank witnessed some selling pressure, while IT, metal, infra, energy and auto ended higher.

HEADLINES OF THE DAY
Titan Q4 preview: Strong quarter on the cards
The Indian rupee erased morning gains and trading lower at 69.24 per dollar against previous close 69.16.
Muthoot Finance declared interim dividend for FY 2019 at the rate of Rs 12 per equity share.
Shares of ABB India gained more than 3 percent intraday on April 5 after the automation company introduced low-voltage digital switchgear condition monitoring.
TCS bags order: TCS BaNCS for Custody has been selected by Chinatrust Commercial Bank (CBC) Taiwan to transform operations and enhance customer experience.

The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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