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Closing Bell: Nifty ends around 10,950, Sensex gains 277 points; Indiabulls Housing surges 7%.

Benchmark indices finished on positive note but off day’s high in the volatile session on August 6.
At close, the Sensex was up 277.01 points at 36,976.85 while Nifty was up 85.70 points at 10,948.30. About 1622 shares have advanced, 810 shares declined, and 115 shares are unchanged.
Indiabulls Housing, Yes Bank, Tech Mahindra, Bajaj Finance and Eicher Motors were among major gainers on the Nifty, while losers include Zee Entertainment, Cipla, Reliance Industries, Power Grid Corp and TCS.
Among sectors, except energy other indices ended in the green led by the infra, auto, bank, metal and FMCG.


REC gains 3% post Q1 nos: Company’s Q1 net profit up 2.3% at Rs 1,501.3 crore against Rs 1,468.2 crore, revenue up 10.6% at Rs 6,986 crore against Rs 6,318 crore, YoY.
Titan Company Q1 standalone net profit up 6%: Titan Company has registered 6.2 percent jump in its Q1FY20 standalone net profit at Rs 370.7 crore against Rs 349.2 crore in the same quarter last fiscal.
JSW Energy Q1: Consolidated net profit was up 6.6 percent at RS 244.4 crore against Rs 229.2 crore, revenue was up 2.2 percent at Rs 2,412.2 crore versus Rs 2,360.6 crore, YoY.
Pidilite Industries has reported 22.7 percent surge in its Q1 net profit at Rs 292.9 crore versus Rs 238.7 crore, revenue was up 10 percent at Rs 2,016.8 crore versus Rs 1,834 crore, YoY.
Shares of Arvind touched 52-week low of Rs 52.50, falling 6 percent on August 6 after company’s Q1c net profit fell 59.7 percent at Rs 24.1 crore against Rs 59.8 crore, revenue was up 4.8 percent at Rs 1,896.5 crore versus Rs 1,809.6 crore, YoY.

The crucial resistance for Nifty spot is now seen at 11060 and above this 11200 Support for the immediate term is now placed at 10820 next support will be 10660.

 Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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