Nifty ends below 10,800; midcap outperform, auto stocks gain

Closing Bell: Nifty ends below 10,800; midcap outperform, auto stocks gain

The market ended on positive note but off day's high on the back of last hour selling with Nifty ended below 10,800 and Sensex above 35,600.

The 30-share BSE Sensex was up 83.31 points at 35,657.86 and the 50-share NSE Nifty rose 22.90 points to 10,772.70.

The market breadth was on advancing side, about 1441 shares have advanced, 1177 shares declined, and 159 shares are unchanged.

Midcap and smallcap outperform the major indices with 0.5 percent gain..

HEADLINES OF THE DAY

Shares of Dish TV gained 1 percent ahead of its Q1 results on July 9.

Trigyn Technologies has been appointed as concessionaire by NMSCDCL for the design, development, implementation, operation and maintenance of Smart Parking Solution for On-Street and Off-Street Parking locations in Nashik on PPP model.

A meeting of board of directors of the Andhra Bank is scheduled to be held on July 10, 2018 for considering raising of equity by the way of preferential issue, qualified institutional placement (QIP), follow-on-public offer.

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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