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INDIAN EQUITY MARKET WRAP UP – 05 OCT 2017

market-wrap-up

INDIAN BENCHMARKS: SENSEX ENDS ON SUBDUED NOTE, NIFTY BELOW 9900

Fresh selling in the last hour of trade dragged frontline indices lower and led to the market ending on a subdued note. They snapped their four-day gaining streak to close below 9900-mark.

Through the day, the Street traded in a narrow range on the flattish side, apart from some positive movements in the early part of the day. However, the market soon gave up its gains and continued to see sideways day of trade.

The Sensex was down 79.68 points at 31592.03, while the Nifty was down 26.20 points at 9888.70. The market breadth as positive as 1,493 shares advanced against a decline of 1,148 shares, while 106 shares were unchanged.

NTPC, Coal India, Aurobindo Pharma and Ambuja Cements were the top gainers, while ICICI Bank, Hero MotoCorp, Tech Mahindra and Bharti Infratel lost the most.

HEADLINES OF THE DAY

  • Wipro Digital to acquire UX design firm Cooper.
  • Cadila Healthcare receives USFDA nod for Fesoterodine Fumarate tablet.
  • Natco Pharma’s partner Mylan launches generic Glatiramer Acetate in US market.

The crucial resistance for Nifty spot is now seen at 9970 and above this 10020.Support for the immediate term is now placed at 9840 and next support will be 9775.

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