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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 4 FEB 2019

Monday Equity Wrap Up
Closing Bell: Nifty manages to end above 10,900, Sensex gains 113 pts; RIL market-cap above Rs 8 lk cr.

Benchmark indices bounced from the day’s low to end on positive note with Nifty closed above 10,900 level.
The Sensex was up 113.31 points at 36582.74, while Nifty was up 18.60 points at 10912.30. About 799 shares have advanced, 1757 shares declined, and 172 shares are unchanged.
Reliance Industries, ONGC, Bajaj Auto, TCS and Kotak Mahindra Bank are the top gainers on the Sensex, while losers include Yes Bank, Power Grid, NTPC, Sun Pharma and M&M.
Among sectors, infra, auto, metal, FMCG and pharma witnessed selling pressure, while some buying saw in bank, energy and IT stocks.

HEADLINES OF THE DAY
RCom stock eroded 99% of investor wealth from its peak in 2008
Exide Industries Q3: Net profit increased to Rs 155 crore against Rs 154.3 crore, revenue up 9.6% at Rs 2,497 crore against Rs 2,278 crore, YoY.
Insecticides India Q3: Net profit rose 75% at Rs 16.9 crore versus Rs 9.6 crore. Revenue up 22.6% at Rs 215.7 crore against Rs 175.9 crore, YoY. 

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.
IDBI Bank net loss at Rs 4,185 crore against loss of Rs 1,524 crore.

The crucial resistance for Nifty spot is now seen at 10990 and above this 11120 Support for the immediate term is now placed at 10810 next support will be 10620.

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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