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Wednesday 13 February 2019

MARKET WRAP UP 13/Feb/2019



Closing Bell: Sensex ends 119 pts lower, Nifty below 10,800; Eicher Motors slides 5%.

Benchmark indices erased all its intraday gains and ended in red on the back of last hour selling pressure. 
The Sensex was down 119.51 points at 36034.11, while Nifty was down 37.70 points at 10793.70. About 968 shares have advanced, 1544 shares declined, and 128 shares are unchanged. 
Adani Ports, Indiabulls Housing, UPL, Tata Motors and HDFC were the top gainers on the Nifty, while losers included Eicher Motors, IOC, HPCL, GAIL and ONGC.
Except IT index, all other sectoral indices closed in red led by Nifty PSU bank, infra, energy, auto, pharma and metal.


HEADLINES OF THE DAY

Share price of CG Power declined 29 percent intraday Wednesday after company posted net loss for the quarter ended December 2018.
Greenlam Industries Q3: Consolidated net profit up 14% at Rs 19.8 crore against Rs 17.4 crore. Revenue up 12% at Rs 314 crore against Rs 280.3 crore, YoY.
Bosch Q3 profit jumps 19%: Automotive solutions provider Bosch's third quarter profit grew by 19.3 percent year-on-year to Rs 335.4 crore despite tepid revenue growth and lower operating income. The profitability growth was driven by other income.

The crucial resistance for Nifty spot is now seen at 10910 and above this 11040 Support for the immediate term is now placed at 10760 next support will be 10670.




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