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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 5 FEB 2019

Monday Equity Wrap Up
Closing Bell: Flat end for D-Street, Nifty manages to hold 10,900; auto stocks rally.

Equities have ended the session on a flat note, with the Nifty closing above 10,900-mark.
Barring automobiles, weakness was visible among all sectoral indices, with pain visible among energy, consumption, infrastructure, and metals space. The midcap index fell nearly a percent.
At the close of market hours, the Sensex was up 34.07 points or 0.09% at 36616.81, and the Nifty up 22.10 points or 0.20% at 10934.40. The market breadth was negative as 852 shares advanced, against a decline of 1679 shares, while 146 shares were unchanged.
Hero MotoCorp, IndusInd Bank, Zee Entertainment and Titan were the top gainers, while Tata Motors, Coal India, and Tata Steel lost the most.

HEADLINES OF THE DAY

The Volatility index, India VIX is trading slightly higher than yesterday’s close at 15.74 (up 0.11%).
Titan Company is up about 4% intraday. It has also touched its 52-week high today.
PNB Q3 profit at Rs 246.5 crore, NII rises 8% to Rs 4,290 crore; asset quality improves
Among BSE 200 stocks, 7 have touched 52-week low today including Reliance Capital, Reliance Infra and Tata Global beverages. Three stocks among BSE 200 have touched 52-week high including Axis Bank, Divi’s Laboratories and Titan Company.

The crucial resistance for Nifty spot is now seen at 11120 and above this 11380 Support for the immediate term is now placed at 10800 next support will be 10690.

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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