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INDIAN EQUITY MARKET WRAP UP – 19 MAY 2017

market-wrap-up

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT AFTER A VOLATILE SESSION

Bears took charge on the D-Street for the second consecutive day, which dragged the markets lower from a gap-up opening as well as 200-plus point gain on the Sensex. The Street managed to close the session on a flat note.

The 30-share Sensex closed up 30.13 points at 30464.92, while the Nifty ended lower by 1.55 points at 9427.90. The market breadth was negative as 985 shares advanced against a decline of 1,759 shares, while 169 shares were unchanged.

FMCG majors, ITC and HUL were the top gainers on both the indices, while Asian Paints, Mahindra & Mahindra and BPCL lost the most.

HEADLINES OF THE DAY

  • Lupin gets USFDA approval for Quetiapine Fumarate Tablets.
  • MRPL plans to expand refining capacity by 10mmt to 25mmt.
  • Pidilite Q4 Net Profit at Rs157.2 Cr.

UPCOMING RESULTS:  CORPORATION BANK, CHAMBALFERT, ALLCARGO, ENGINERSIN, GAIL, GODREJIND, SRF, GHCL.

The crucial resistance for Nifty spot is now seen at 9500 and above this 9535.Support for the immediate term is now placed at 9410 and next support will be 9360.

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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