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Thursday 15 November 2018

MARKET WRAP UP 15-Nov-2018


Closing Bell: Nifty ends above 10,600, Sensex up 118 points; Jet Airways soars 27%.

The benchmark indices ended on positive note with Nifty managed to close above 10,600 level.
The Sensex was up 118.55 points at 35260.54, while Nifty was up 40.40 points at 10,616.70.
Shares of Jet Airways ended 28 percent higher on the report of Tata-Jet deal.
Adani Ports, Kotak Mahindra Bank, Hero Motocorp, Axis Bank and Tata Motors are the top gainers on the Sensex. 


HEADLINES OF THE DAY


Shares of Jet Airways gained nearly 19 percent intraday Thursday on reports that the government is keen to see Tata-Jet Deal going through.
Rupee extends gain, trades at 71.89 per dollar.
Oil India board meeting on November 19 to consider buyback of shares and issue of debt securities in domestic & overseas markets.
Lupin receives FDA approval for Decitabine for Injection, 50 mg/vial, Single-Dose Vial.
Government aims to sell at least 3 percent stake in NTPC in the first week of December, reported NewsRise.
Shares of SpiceJet fell over 2 percent as investors reacted to the financial results posted during the second quarter.


The crucial resistance for Nifty spot is now seen at 10680 and above this 10800 Support for the immediate term is now placed at 10490 next support will be 10350.


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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