Closing Bell: Sensex ends flat, Nifty below 10,400; midcaps see strong trade.
First session of November 2018 began on a subdued note, with the Nifty ending below 10,400-mark.
Banks were the gainers during the session, while infrastructure and metals rose during trade as well. Pharmaceuticals, IT, and consumption names were the big losers in trade today.
However, there was some outperformance in the broader markets, with the Nifty Midcap index rising a percent.
At the close of market hours, the Sensex closed down 10.08 points or 0.03% at 34431.97, while the Nifty ended lower by 6.10 points or 0.06% at 10380.50. The market breadth is positive as 1,590 shares advanced, against a decline of 990 shares, while 124 shares were unchanged.
Yes Bank, Axis Bank, and Hindalco were the top gainers, while Infosys, NTPC, HCL Tech and Dr Reddy’s Labs lost the most.
HEADLINES OF THE DAY
TVS Motor October sales: Total sales up 26 percent at 3.98 lakh units versus 3.17 lakh units, 2-wheeler sales up 25 percent at 3.84 lakh units versus 3.08 lakh units, YoY.
Tata Motors October sales: Total sales was up 17 percent at 62,264 units against 53,197 units, total domestic sales rose 18 percent at 57,710 units against 48,886 units, YoY.
Orders Win: NCC has received four new orders totalling
HDFC Q2 profit jumps 25% to Rs 2,467 cr on stake sale in AMC to Rs 1,345.78 crore (exclusive of GST) in the month of October, 2018.
Marico Q2: Net profit at Rs 218.3 crore, revenue at Rs 1,836.8 crore
MAHINDRA & MAHINDRA AUTO SALES | The company reported total auto sales at 58,416 units, which grew 14 percent as compared to 51,160 units in the previous year.
Results to be announced tomorrow :- Aarti Drugs,Allahabad Bank,Axis Bank,Bata India,Bharat Forge,Equitas Holding,Gillette India,GSFC,PNB,Sonata,Sun TV Network,Tata Chemicals,Whirlpool.
The crucial resistance for Nifty spot is now seen at 10450 and above this 10610 Support for the immediate term is now placed at 10250 next support will be 10100.
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