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Thursday, 14 February 2019

MARKET WRAP UP By CapitalStars 14/Feb/2019


Market Wrap up

Benchmark indices continued their downtrend momentum on Thursday with Nifty finished below 10,750 level.
At the close, the Sensex was down 157.89 points at 35876.22, while Nifty was down 47.70 points at 10746. About 1167 shares have advanced, 1344 shares declined, and 121 shares are unchanged. 
Yes Bank, Indiabulls Housing, Zee Entertainment, JSW Steel and Tata Motors were the top gainers, while IOC, BPCL, Hindalco, Bharti Airtel and Gail among major losers on the Nifty.
Among sectors, energy, IT and metal stocks witnessed selling pressure, while some buying interest seen in auto, bank, infra and pharma sectors.


HEADLINES OF THE DAY

Ashok Leyland Q3 result: Net Profit falls 22% at Rs 380.8 crore, revenue down 12% at Rs 6,325 crore.
Sun Pharma's promoter releases pledge on 1.1 crore shares from February 7-11
HDIL Q3 result: Consolidated net profit at Rs 19.7 crore, revenue at Rs 222 crore, while EBITDA down 20% at Rs 97 crore.
Larsen & Toubro lnfotech announced acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore).
L&T wins order: The construction arm of L&T has won orders across its power transmission & distribution (PT&D) business and water & effluent treatment business.

The crucial resistance for Nifty spot is now seen at 10890 and above this 10930 Support for the immediate term is now placed at 10680 next support will be 10570.





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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