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Tuesday, 28 August 2018

MARKET WRAP UP.28-Aug-2018


Closing Bell: Record high run continues on D-Street! Sensex up 200 pts, Nifty ends above 11,700.

Apart from metals, big moves were seen among energy, IT and auto names, while banks and FMCG were the biggest laggards. Interstingly, banks had actually risen in the opening minutes, with the Bank Nifty touching a fresh record.  The midcap index ended over a quarter of a percent lower.
At the close of market hours, the Sensex ended up 202.52 points or 0.52% at 38896.63, while the Nifty ended the session 46.50 points higher or 0.40% at 11738.50. The market breadth is negative as 1,168 shares advanced, against a decline of 1,504 shares, while 187 shares are unchanged.
Reliance Industries, Adani Ports, and Hindalco were the top gainers, while Yes Bank, HUL, and Gail have lost the most.

HEADLINES OF THE DAY

ICICI Pru MF sells 4.61 million shares of ICICI Securities bought to salvage IPO.
Banks may take a hit as Allahabad HC refuses relief to power companies, SBI, PNB, BOI in focus. 


The crucial resistance for Nifty spot is now seen at 11750 and above this 11900 Support for the immediate term is now placed at 11550 next support will be 11350.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

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