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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 15 MAR 2019

Market-Wrap-Up

Closing Bell: The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90.

Benchmark indices ended higher but off day’s high on the back of last hour selling pressure. The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90. About 1172 shares have advanced, 1452 shares declined, and 162 shares are unchanged.
Among the gainers, Kotak Mahindra Bank rose 4%, followed by Power Grid Corp, TCS, ICICI Bank and SBI, on the other hand HUL shed 2 percent, followed by Yes Bank, RIL, Bharti Airtel and ITC on the Sensex.
On the sectoral front, IT index has outperformed the other indices with nearly 2 percent gain followed by auto, infra, metal and pharma, while selling was seen in the FMCG space.
Nifty Bank continued its upward momentum as it ended 1.6 percent higher at 29381.50.

HEADLINES OF THE DAY

Aarti Drugs approves share buyback; stock trades flat The company approved buyback of its equity shares via a tender offer.

Nifty IT gains 2% led by TCS, Wipro, Tata Elxsi Shares of TCS, which gained 3%, were leading the indexs gain.

Nifty PSU Bank gains 3% led by SBI, PNB, Bank of Baroda Shares of Canara Bank, PNB, Bank of Baroda, SBI, Bank of India, and Oriental Bank of Commerce rose 2% each, which led the indexs gain.

The crucial resistance for Nifty spot is now seen at 11582 and above this 11692 Support for the immediate term is now placed at 11285 next support will be 11182.

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

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