GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 10 OCT 2018

market wrap up

Closing Bell: Nifty ‘banks’ on lenders to soar past 10,450, Sensex ends 461 pts higher; midcaps soar.

It was all guns blazing by the bulls today. Financials propelled a big rally on benchmark indices, while a big surge in the midcaps space also boosted sentiment on D-Street on Wednesday.

Bank Nifty closed over 3 percent higher, while the Nifty Midcap index soared over 4 percent. Even PSU banks were one of the biggest movers; the Nifty PSU bank index rose over 5 percent. Other gainers include automobiles, which rose around 3 percent.
The big loser, though, was the Nifty IT which fell over 1.5 percent.

At the close of market hours, the Sensex closed up 461.42 points or 1.35% at 34760.89, while the Nifty rose 159.10 points or 1.54% at 10460.10. The market breadth was positive as 2,031 shares advanced, against a decline of 610 shares, while 759 shares were unchanged.

Axis Bank, State Bank of India, Bajaj Finance and Bajaj Finserv were the top gainers, while Infosys, TCS, and Bharti Infratel lost the most.

HEADLINES OF THE DAY

Indian rupee trades higher at 74.24 per dollar.
IL&FS Group stocks locked in lower circuit on buzz of SFIO probe into 5 arms.
Zee Ent Q2 preview: Ad revenue recovery, rise in subscription income to boost profit.
HEG shares zoom 20% after BofAML initiates Buy with upside potential of 110%.

The crucial resistance for Nifty spot is now seen at 10520 and above this 10650 Support for the immediate term is now placed at 10280 next support will be 10090.

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