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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 10 AUG 2018

market-wrap-up

 

Closing Bell: Anti-climax end on D-Street! Sensex closes over 150 points lower, Nifty gives up 11,450

After seeing fresh records and milestones during the week, it was an anti-climax ending for D-Street on Friday, with the Sensex ending over 150 points lower, while the Nifty giving up 11,450-mark. The 30-share index, which clinched 38,000 during the week, managed to end below that.
At the close of market hours, the Sensex ended down 155.14 points or 0.41% at 37869.23, while the Nifty was lower by 41.20 points or 0.36% at 11429.50. The market breadth is narrow as 1,040 shares advanced, against a decline of 1,658 shares, while 140 shares were unchanged.
Banks led the losers’ chart, which dragged benchmarks. There was weakness visible among metals, pharmaceuticals as well as energy names, while auto and FMCG names were in the green. IT stocks, too, witnessed a rally on the back of a weaker rupee.
M&M, TCS, Eicher Motors and BPCL were the top gainers, while SBI, Vedanta, and GAIL ended up being the top losers.
HEADLINES OF THE DAY

Results to be announced tomorrow :- ABC India,Amara Raja Batt,Ambika Cotton,Arihant Capital,Bajaj Steel,Balkrishna Ind,Blue Coast,Capital Trust,Coal India,Crest Ventures,DCM Shriram Ind,Gujarat Apollo,IFGL Refractory,India Cements,IOC,Kirloskar Ind,Loyal Textiles,NBCC (India),Vadilal Ind,Vadilal Enter.

Bosch Q1 profit surges 42% to Rs 431 cr on strong growth in automotive products biz
Hinduja Global Solutions Q1 net profit slips 9% to Rs 40 crore
Voltas Q1 net profit flat at Rs 187 crore
Gail India Q1 profit jumps 23% to Rs 1,259cr on better operating performance
The crucial resistance for Nifty spot is now seen at 11500 and above this 11650 Support for the immediate term is now placed at 11380 next support will be 11200.

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