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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 09 APR 2019

market-wrap-up

Closing Bell: The Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672.

Benchmark indices ended higher on Tuesday with Nifty above 11,650 level supported by auto and banking stocks. At close, the Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672. About 1152 shares have advanced, 1370 shares declined, and 148 shares are unchanged. Yes Bank, Wipro, Tata Motors, ICICI Bank and Bajaj Auto were the top gainers on the Nifty, while losers include Indiabulls Housing, Asian Paints, Infosys, Bharti Airtel and Titan. Except infra all other sectoral indices ended in green led by PSU Bank, metal, auto, pharma, energy, IT and FMCG.

HEADLINES OF THE DAY

Opto Circuits enters into one-time settlement agreement with Yes Bank The company has entered into one-time settlement (OTS) with Yes Bank for settling the total outstanding amount of Rs33.51cr, for a consolidated agreed amount of Rs8.5cr to be paid as per the structured instalments by April 2021.

Nifty PSU Bank gains 1% led by Canara Bank, Bank of India, Union Bank Shares of Canara Bank and Bank of India, which gained 3%, were leading the index gain.

Tech Mahindra to buy Infotek Software stake for Rs13cr; stock up 1% The company said the acquisition will get completed by April 09, 2019, for a cash consideration of Rs13cr, the filing added.

The crucial resistance for Nifty spot is now seen at 11763 and above this 11850 Support for the immediate term is now placed at 11535 next support will be 11441.

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

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