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Tuesday Equity Wrap Up

Closing Bell: Nifty holds 11,700, Sensex falls 382 points; Tata Motors loses 7%.

Indian indices fell 1 percent as they failed to maintain the strong up move which was recorded on May 20, on the back on exit polls for Lok Sabha Election 2019.
At close, the Sensex was down 382.87 points at 38969.80, while Nifty was down 119.20 points at 11709.10. About 970 shares have advanced, 1560 shares declined, and 160 shares are unchanged.
Tata Motors, BPCL, Zee Entertainment, IndusInd Bank and Adani Ports were the top losers on the Nifty, while gainers were Dr Reddy Labs, Bharti Infratel, Britannia Industries, Titan Company and Reliance Industries.
All the sectoral indices ended in red led by auto, bank, pharma, energy, infra, metal, energy and IT.

Media stocks are trading in the negative today, down 2.67 percent on Nifty. All constituent stocks except INOX Leisure and Hathway Cable & Datacom are in the red, with Dish TV being the biggest loser, down 5.23 percent. INOX Leisure is the biggest gainer, up 0.64 percent on Nifty.
Bosch reported a 5.1 percent decline in net profit for the quarter ended March 2019. Net profit for Q4 stood at Rs 411.7 crore, against Rs 433.8 crore in the year-ago period.
Reliance Industries, HDFC and Dr Reddys Labs are among the biggest gainers. Tata Motors, Tata Steel and BPCL are the biggest losers.
Sensex is down 38.58 points or 0.10 percent at 39314.09, and the Nifty down 23.60 points or 0.20 percent at 11804.70. About 900 shares have advanced, 1374 shares have declined, and 123 shares are unchanged.

The crucial resistance for Nifty spot is now seen at 11900 and above this 12000 Support for the immediate term is now placed at 11600 next support will be 11480.

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

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