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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 11 SEPTEMBER 2019

Market-Wrap-Up

MARKET WRAP UP

Closing Bell: The Sensex was up 125.37 points at 37,270.82, while Nifty was up 32.70 points at 11,035.70.

Benchmark indices ended higher on the rangebound day with Nifty able to hold above 11,000 mark. At close, the Sensex was up 125.37 points at 37,270.82, while Nifty was up 32.70 points at 11,035.70. About 1814 shares have advanced, 782 shares declined, and 151 shares are unchanged. Yes Bank, Tata Motors, Eicher Motors, Maruti Suzuki and JSW Steel were among major gainers on the Nifty, while losers were ONGC, Wipro, GAIL, HCL Technologies and Zee Entertainment. Among sectors, IT, energy and FMCG witnessed selling pressure, while auto, metal, bank and infra has outperformed. BSE midcap index was up nearly 1 percent, while smallcap index was up 1.3 percent.

HEADLINES OF THE DAY

Dr Reddys launches Fosaprepitant for injection in the US The EMEND® for Injection brand had an U.S. sales of approximately $279mn MAT for the most recent twelve months ending in July 2019 according to IQVIA Health.

Tata Motors Group global wholesales down 32% in August 2019 Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range in August 2019 were at 25,366 units, down by 45% over August 2018.

DFM Foods slumps on Al Global’s proposal to buy 68% promoters’ stake AI Global also made an open offer to buy up to 26% of the company’s public shareholders at a price of Rs249.50 per share.

The crucial resistance for Nifty spot is now seen at 11200 and above this 11300 Support for the immediate term is now placed at 10900 next support will be 10800.

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.

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