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INDIAN EQUITY MARKET WRAP UP – 13 JUNE 2017

market-wrap-up

INDIAN BENCHMARKS: SENSEX ERASE ALL GAINS TO END FLAT, NIFTY MANAGE TO HOLD 9600 LEVEL

Erasing a huge chunk of its gains in the final hours of trade, benchmark indices ended the session on a flat note, after having surged almost over 150 points on the Sensex intraday. The Nifty closed just above 9600.

The Sensex ended up 7.79 points at 31103.49, while the Nifty was down 9.50 points at 9606.90. The market breadth was negative as 1,318 shares advanced against a decline of 1,355 shares, while 192 shares were unchanged.

Midcaps closed absolutely flat, while metals, IT stocks, as well as auto and power stocks ended lower, FMCG and infrastructure gained.

Lupin, NTPC, and Power Grid Corporation gained the most, while Tata Motors, Vedanta and HCL Technologies were the top losers.

HEADLINES OF THE DAY

  • Sun Pharma surges on getting USFDA nod for Zetia generic.
  • Adani Ent surges on commissions of solar plant in UP.
  • Biocon in focus: USFDA denies Coherus’s biosimilar for Neulasta.

The crucial resistance for Nifty spot is now seen at 9648 and above this 9710.Support for the immediate term is now placed at 9589 and next support will be 9547.

Commodity Market TipsMCX Copper TipsMCX TipsCrude oil tipsNifty Options Tips,Stock Market LiveFinancial Advisory Company in IndoreStock Advisory Company in Indore

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