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Monday, 9 July 2018

Banks, metals, RIL, Infosys lift Sensex 277 pts, Nifty above 10,850

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Closing Bell: Banks, metals, RIL, Infosys lift Sensex 277 pts, Nifty above 10,850

All sectoral indices are trading in the green with Metal, Pharma, Bank and Auto gaining 1-1.5 percent.

HEADLINES OF THE DAY

Dr Reddy's Laboratories up 3% on agreement with UCB to distribute Briviact in India
AU Small Finance Bank stock falls 7% as pre-IPO lock-in period ends for investors
KNR Constructions up 3% on sanction letters from banks for 3 projects
PSP Projects rises 3% after receipt of work orders from various clients

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960. Support for the immediate term is now placed at 10700 next support will be 10640.


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