GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 10 JULY 2019

moneyful630

Closing Bell: Nifty ends below 11,500 for 1st time since May 17, Sensex loses 174 pts.

Benchmark indices ended volatile session sharply lower with the Nifty falling below 11,500 at close for first time since May 17 this year.
The BSE Sensex was down 173.78 points at 38,557.04 and the Nifty50 fell 57 points to 11,498.90.
The market breadth remained in favour of bears as about three shares declined for every two shares rising on the BSE.
Nifty Midcap, Auto, Metal, PSU Bank and Realty indices slipped a percent each.

HEADLINES OF THE DAY

Jaiprakash Associates said C P Jain resigned as an Independent Director of the company.
Tata Motors reported an 11.6 percent decline in JLR’s sale at 128,615 units for the quarter ended June 2019. Retail sales for June fell 9.6 percent at 47,060 units, compared to June 2018.
REC in Focus :- Board approved raising up to Rs 75,000 crore via non-convertible bonds/debentures, company said in its BSE filing.
Tata Consultancy Services said it has been recognised with an overall positive rating in the recent Vendor Ratingl report by Gartner lnc, based on a holistic evaluation covering the company’s strategy, product/ service, pricing structure, technology/ methodology, support/ account management and corporate viability.

The crucial resistance for Nifty spot is now seen at 11660 and above this 11800 Support for the immediate term is now placed at 11280 next support will be 11060.

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