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Tuesday, 24 July 2018

Sensex, Nifty manage to end at record closing highs; metals, midcaps rally

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Closing Bell: Sensex, Nifty manage to end at record closing highs; metals, midcaps rally

Continuing its bullish momentum from Monday, led by gains in midcaps, the market end the day on a strong note.
The Sensex and Nifty managed to close at a record high.
The Sensex closed up 106.50 points or 0.29% at 36825.10, while the Nifty was up 49.50 points or 0.45% at 11134.30.
The market breadth is positive as 1,940 shares advanced, against a decline of 675 shares, while 150 shares were unchanged.
Metals ended the day with gains of around 3 percent, followed by infrastructure, pharmaceuticals, and PSU banks.
The Nifty Midcap index managed to end over a percent higher.

HEADLINES OF THE DAY

Results to be announced tomorrow :- Acrysil India, Ambuja Cements, Bharti Infratel, BHEL, Canara Bank, CG Consumer, Everest Ind, HCL Info, Hero Motocorp, IRB Infra, JSW Steel, Jubilant Food, Jyothy Labs, KPIT Tech, Larsen, Oriental Bank, PVR, Tata Elxsi.

Inox Leisure touches 52-week low despite good June quarter numbers
Shares of UltraTech Cement rose over 5 percent on Tuesday as a rally in ACC’s shares spilled over to other cement stocks.
Bajaj Auto hits fresh 52-week low as analysts cut target price, Hero, TVS rebound

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.



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