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INDIAN EQUITY MARKET WRAP UP – 11 OCT 2017

market-wrap-up

INDIAN BENCHMARKS: SENSEX FALLS 90 POINTS, NIFTY ENDS BELOW 10000

Benchmark indices wiped out morning gains in later part of the session today as the Sensex was down 90.42 points at 31,833.99.

The Nifty ended below 10,000 level, down 32.15 points at 9,984.80.

About two shares declined for every share rising on the BSE.

Bharti Airtel, TCS, and HPCL were the top gainers, while SBI, BHEL, and Indiabulls Housing lost the most.

HEADLINES OF THE DAY

Tata Motors Group reports 14% increase in wholesales

Lupin acquires Symbiomix Therapeutics for $150 mn cash

Bharti Airtel, Infratel stock soar; KKR-led fund may buy arm Infratel.

The crucial resistance for Nifty spot is now seen at 10030 and above this 10100.Support for the immediate term is now placed at 9955 and next support will be 9890.

UPCOMING RESULTS: TCS, INDUSINDBANK, RIIL, CYIENT, BAJAJ CORP

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