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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 13 MAR 2019

Wednesday Equity Wrap Up
Closing Bell: Sensex ends 216 pts higher, Nifty at 11,340; Bharti Airtel slips 4%.

It is strong closing for Indian indices for the third consecutive day with Nifty finished at 11,340 level.
At the close, Sensex was up 216.51 points at 37752.17, while Nifty was up 40.50 points at 11341.70. About 1058 shares have advanced, 1641 shares declined, and 155 shares are unchanged.
IndusInd Bank, Yes Bank, Bajaj Finance, HDFC Bank and HPCL were the top gainers on the Nifty, while losers include Bharti Airtel, IOC, Vedanta, Zee Entertainment and Sun Pharma.
Among the sectors, except energy and PSU bank all other indices are ended in red led by metal, pharma and infra.
Bank Nifty touched 28,900 for the first time, while Smallcap and midcap index ended 0.3 percent lower.

HEADLINES OF THE DAY
Tech Mahindra’s buyback to open on March 25 and will close on April 5, 2019.
NHPC to consider fund raising: A meeting of board of directors of the company is scheduled to be held on March 15, 2019 to consider raising of fund through external commercial borrowing (ECB) in JPY equivalent to USD 100 Million from MUFG Bank to part finance the capital expenditure on on-going project(s) and /or for other permissible end uses.
IOC to consider interim dividend: The board of directors of the company is scheduled on 19/03/2019 to consider declaration of second interim dividend for the financial year 2018-19.
Bajaj Finserv to BSE: The Board of Directors of the Company has appointed Nanoo Pamnani, as an Independent Non-Executive Chairman of the Company, in place of Rahul Bajaj, with effect from 17 May 2019.

The crucial resistance for Nifty spot is now seen at 11450 and above this 11600 Support for the immediate term is now placed at 11270 next support will be 11000.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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