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Wednesday, 14 November 2018

MARKET WRAP UP 14-Nov-2018


Closing Bell: D-Street ends rangebound day on a flat note, Nifty holds 10,550; pharma, IT crack.

The market ended the rangebound session on flat note, with the NIfty finishing above 10,550.
The Sensex is down 2.50 points at 35141.99, while Nifty down 6.20 points or 0.06% at 10576.30.
About 1174 shares have advanced, 1397 shares declined, and 138 shares are unchanged. 


HEADLINES OF THE DAY


NBCC ready with new joint development policy, say sources.
IDBI Bank Q2 result: Net loss at Rs 3,602.5 crore against loss of Rs 198 crore. Gross NPA at 31.78% and Net NPA at 17.3%.
Kaveri Seeds Q2: Net Profit shed 43 percent at Rs 11.9 crore against Rs 20.9 crore. Revenue rose 8 percent at Rs 75.2 crore versus Rs 69.6 crore, YoY.
Rupee Update: The Indian rupee erased some of its gains as it is trading at 72.16 per dollar after hitting 72 mark in the early trade.
Central Bank Q2 result: The company has posted net loss at Rs 923.6 crore against loss of Rs 750.4 crore. Gross NPA at 21.48 percent versus 22.17 percent, QoQ.
M&M Q2 net profit up 26% YoY at Rs 1,778.75 crore; tractor revenues grow 1.8%
Cadila received final approval: Zydus Cadila received final approval from the USFDA for Arsenic Trioxide Injection.

The crucial resistance for Nifty spot is now seen at 10640 and above this 10800 Support for the immediate term is now placed at 10410 next support will be 10280.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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