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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 09 APR 2018

market-wrap-up

INDIAN BENCHMARKS: SENSEX RISES 162 POINTS, NIFTY ENDS ABOVE 10350

Benchmark indices closed higher on positive global cues as trade war tensions eased.

The 30-share BSE Sensex was up 161.57 points at 33,788.54 and the 50-share NSE Nifty rose 47.80 points to 10,379.40.

Maruti Suzuki, HUL, ITC, IOC, HPCL and BPCL rallied up to 4 percent while Tata Motors, Infosys and Bharti Airtel were under pressure. Nifty Midcap index was up 65 points.

HEADLINES OF THE DAY

  • NMDC reports iron ore production at 35.5mn tonnes for FY18
  • Alembic Pharma receives approval for Acyclovir ointment
  • Indiabulls Real Estate to acquire commercial building in Gurugram

The crucial resistance for Nifty spot is now seen at 10440 and above this 10500. Support for the immediate term is now placed at 10310 next support will be 10200.

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