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Monday, 23 July 2018

Sensex ends at record closing high; Nifty above 11,050

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Closing Bell: Sensex ends at record closing high; Nifty above 11,050

Last hour surge in midcaps, PSU banks, metals as well as FMCG ensured that the market ended the session on a bullish note.
The Sensex is up 222.23 points or 0.61% at 36718.60, while the Nifty is up 74.60 points or 0.68% at 11084.80.
The market breadth is positive as 1533 shares advanced, against a decline of 1061 shares, while 180 shares are unchanged.
All sectoral indices, barring energy and IT, ended the day in the green.
In the broader markets space, midcaps ended over a percent higher, a huge gain from the negative opening it had seen during the initial part of the session. Among stocks, ITC, Vedanta and UPL were the top gainers, while Hero MotoCorp and Bajaj Auto lost the most. 
  
HEADLINES OF THE DAY

Results to be announced tomorrow :- Asian Paints, BLS Infotech, CenturyPlyboard, Hexaware Tech ,ICICI Prudentia, INOX Leisure, Kalyani Steels, KRBL, Music Broadcast, Network 18,Punjab Chemical,Symphony,TV18 Broadcast, Unique Organics, Wendt.
Havells shares spike 10% after Q1 earnings performance; brokerages see 9-30% upside
Bank of Baroda starts 'aggressive action' to recover bad loans worth Rs 15,000 crore
Vijaya Bank Q1: Public sector lender Vijaya Bank's June quarter profit declined 43 percent year-on-year to Rs 144.3 crore, dented by higher provisions.

The crucial resistance for Nifty spot is now seen at 11185 and above this 11310 Support for the immediate term is now placed at 10910 next support will be 10800.

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