GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 12 FEB 2019

Market-Wrap-Up

Closing Bell: Sensex ends over 240 points lower, Nifty below 10,850; Sun Pharma up 3%.

Equity benchmarks closed the session with cuts of over half a percent. The Nifty managed to end below 10,850-mark.
Banks, automobiles, consumption, and IT were the top losers, while metals and pharma were the big gainers. The midcap index has ended flat.
At the close of market hours, the Sensex was down 241.41 points or 0.66% at 36153.62, and the Nifty down 57.40 points or 0.53% at 10831.40. The market breadth was negative as 1050 shares advanced, against a decline of 1452 shares, while 131 shares were unchanged.
Sun Pharma, Coal India, JSW Steel and Zee Entertainment gained the most, while Hero MotoCorp, HDFC, and Bharti Infratel lost the most.

HEADLINES OF THE DAY
Hindalco Q3 | Profit including Utkal surges 47 percent to Rs 713 crore.
The Supreme Court has adjourned the hearing of Ericsson contempt plea against Anil Ambani to February 13, 2019.
Sun Pharma Q3 preview: Analysts expect healthy growth in profit, revenue on US business
Dr Reddy’s Laboratories today announced the launch of Tadalafil Tablets USP, a therapeutic equivalent generic version of Adcirca (tadalafil) Tablets in the United States market, approved by the USFDA. Tadalafil is used to treat high blood pressure in the lungs (pulmonary hypertension). It works by relaxing and widening the blood vessels in the lungs that allows the blood to flow more easily.
Eicher Motors slips Eicher Motors slipped on Tuesday after the company posted an in-line set of numbers amid concerns over volume growth due to subdued consumer sentiment. Global brokerage firms maintained their positive rating but slashed its earnings estimates to factor weak operating performance.

The crucial resistance for Nifty spot is now seen at 10930 and above this 11040 Support for the immediate term is now placed at 10800 next support will be 10670.

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