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Thursday, 14 June 2018

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CAPITALSTARS:- MARKET WRAP-UP

CAPITALSTARS


Sensex slips 139 pts, Nifty manages to hold 10,800; RIL at record close

Benchmark indices ended lower on Thursday as investors looked cautious ahead of ECB policy rate decision due later in the day after the US Federal Reserve raised interest rate by 25 basis points
The 30-share BSE Sensex declined 139.34 points to 35,599.82 and the 50-share NSE Nifty slipped 48.70 points to 10,808
TCS, Infosys, SBI, ICICI Bank, Axis Bank, Titan Company, Vedanta and L&T were under pressure while Lupin, Sun Pharma, Cipla and Coal India gained.


HEADLINES OF THE DAY

Ruchi Soya gains after co gives updates about bidding.
India May WPI rises 4.43%; Fuel price inflation at 11.22%.
ICICI Bank to sell 2% stake in life insurance arm.


The crucial resistance for Nifty spot is now seen at 10880 and above this 10960. Support for the immediate term is now placed at 10760 next support will be 10690.


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