Closing Bell: Sensex, Nifty end flat but Midcap index
underperforms
Benchmark indices ended flat after volatility,
with the Sensex closing below 35,500 levels. TCS, HDFC, ITC and Infosys helped
the market close higher while Reliance Industries and Tata Motors capped gains.
The 30-share BSE Sensex rose 19.69 points to
35,490.04 and the 50-share NSE Nifty gained 6.70 points to 10,769.20.
Nifty Midcap index slipped 35 points. More than
two shares declined for every share rising on the BSE.
IDBI Bank, V-Guard, Adani Power, Syndicate Bank, Future Consumer,
Future Retail, Future Lifestyle, Jaiprakash Associates, Gati, Delta Corp,
Indiabulls Real Estate and Nalco slipped up to 7 percent.
United Spirits, Bata, Voltas, Tata Global, Jubilant Foodworks,
Dabur India, IGL, Petronet LNG, Hexaware, NIIT Technologies, Tata Elxsi, Avanti
Feeds and Info Edge gained up to 17 percent.
HEADLINES OF THE DAY
Non-banking finance company Shriram Transport Finance Company
proposed a public issue of Rs 5,000 crore by issuing 5,00,00,000 (five crore)
secured redeemable non-convertible debentures (NCDs) of the face value of Rs
1,000 each.
National Stock Exchange of India has approved the
re-classification of erstwhile promoters of the company i.e. Neeraj Singal;
Brij Bhushan Singal; Ritu Singal; Aishwarya Singal; Brij Bhushan Singal (HUF);
and Bhushan Infrastructure Private Limited, collectively holding in aggregate
3.47 percent of paid-up share capital of the company.
The crucial resistance for Nifty spot is now seen at 10810 and
above this 10875. Support for the immediate term is now placed at 10640 next
support will be 10585.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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