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Thursday 20 December 2018

MARKET WRAP UP 20-DEC-2018


Closing Bell: Nifty closes above 10,950, Sensex mildly lower; Rupee trades around 70/USD.

Benchmark indices erased most of its losses and ended at day's high with Nifty closed above 10,950 level.
At the close the Sensex was down 52.66 points or 0.14% at 36431.67, while Nifty was down 15.60 points or 0.14% at 10951.70. About 1218 shares have advanced, 1344 shares declined, and 167 shares are unchanged. 
HDFC Bank, HDFC, Infosys, ITS and Kotak Mahindra Bank are the positive contributors to the Sensex.
Among the sectors, auto, infra, and pharma ended in green, while PSU bank, metal, energy, FMCG and IT index was down between 0.20 to 1 percent. 


HEADLINES OF THE DAY


ONGC approves buyback worth up to Rs 4,022 crore at Rs 159 per share and set January 4 as the record date for buyback. Container Corporation of India approved issue of 1 bonus shares for every 4 hld. Shares of Gujarat Ambuja Exports slipped 2.4 per cent despite brokerage house SBICapital maintained buy with a target price of Rs 370 per share.


The crucial resistance for Nifty spot is now seen at 11110 and above this 11300 Support for the immediate term is now placed at 10800 next support will be 10650.


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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