GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 11 FEB 2019

Market-Wrap-Up

Closing bell: Nifty closes below 10,900, Sensex loses 151 pts; midcaps underperform.

Benchmark indices continued to reel under selling pressure for third consecutive session on Monday. The 30-share BSE Sensex fell 151.45 points to 36,395.03 and the Nifty50 plunged 54.80 points to 10,888.80.
The broader markets also caught in bear trap with the Nifty Midcap index falling 1.7 percent and Smallcap shedding 1.8 percent, underperforming frontliners.
The market breadth was largely in favour of bears as about two shares declined for every share rising on the NSE.
Reliance Industries and ICICI Bank were leading contributors to the Nifty’s fall.
Dr Reddy’s Labs and M&M were biggest losers among Nifty50 stocks, down more than 5 percent each. ONGC, Hindalco Industries and UltraTech Cement were down 4-5 percent.
However, Tata Steel, Cipla, IOC, Tata Motors and HCL Technologies gained 1-2.5 percent.

HEADLINES OF THE DAY

Eicher Motors Q3 profit rises 0.4% to Rs 533 cr
Royal Enfield maker Eicher Motors’ third quarter (October-December) consolidated profit grew by 0.4 percent year-on-year to Rs 533 crore with low revenue growth and weak operating income.
V C Sehgal, Chairman of Motherson Sumi Systems told CNBC-TV18 that December quarter was very tough & challenging and March quarter (Q4FY19) would continue to be challenging but he expects pick up in FY20.
DHFL said the company was in receipt of a notice from the Income tax department on February 7 seeking information / evidence on certain aspects of the books of accounts.
The crucial resistance for Nifty spot is now seen at 11040 and above this 11180 Support for the immediate term is now placed at 10800 next support will be 10680.

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