GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 06 SEPTEMBER 2019

Friday Equity Wrap Up

Closing Bell: The Sensex was up 337.35 points at 36,981.77, while Nifty was up 98.30 points at 10,946.20.

Benchmark indices ended on strong note on September 6 with Nifty finished near 10,950 helped by metal, infra, auto and banking stocks. At close, the Sensex was up 337.35 points at 36,981.77, while Nifty was up 98.30 points at 10,946.20. About 1565 shares have advanced, 917 shares declined, and 149 shares are unchanged. Eicher Motors, Maruti Suzuki, Tech Mahindra, Tata Steel and Axis Bank were among major gainers on the Nifty, while losers include Indiabulls Housing, Sun Pharma, Yes Bank, Wipro and HCL Tech. Among sectors, buying witnessed in metal (up 2 percent), auto (up 2.5 percent) followed by infra, energy and bank, while FMCG and pharma ended marginally lower. Midcap and smallcap gained more than 0.5 percent.

HEADLINES OF THE DAY

Lupin gets USFDA approval for Fosaprepitant for Injection; stock up ~1%, Lupin Fosaprepitant for Injection, 150 mg Single-Dose Vial, is the generic version of Emend for Injection, 150 mg Single-Dose Vial, of Merck Sharp & Dohme Corp.

Nifty gains ~1% as markets resume fresh upward momentum Across-the-board buying was seen in today’s trade with select private banks & auto stocks among the top outperformers.

J Kumar Infra jumps 4% after order win The company has received an LoA from CIDCO for design and construction of coastal road from Amra Marg to MTHL junction including Airport link at Navi Mumbai for Rs681cr.

Axis Bank rises 3% on brokerage view According to media reports, Nomura maintained a buy call on the stock, however, it slashed the target price to Rs875 from Rs900/share.

The crucial resistance for Nifty spot is now seen at 11050 and above this 11200 Support for the immediate term is now placed at 10800 next support will be 10700.

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.

 

Leave a Reply

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM