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| CapitalStars Investment Adviser |
Closing Bell: Nifty ends below 11,300, Sensex up 50 pts; Yes Bank gains 9%, auto stocks jump.
The benchmark indices ended on positive note on July 26 breaking six consecutive day fall with Nifty finished near 11,300.
At close, the Sensex was up 51.81 points at 37,882.79, while Nifty was up 32.10 points at 11,284.30. About 1296 shares have advanced, 1173 shares declined, and 161 shares are unchanged.
Yes Bank, Bajaj Finance, Bajaj Finserv, Eicher Motors and Hero Motocorp were among major gainers on the Nifty, while losers were Vedanta, IOC, HDFC, Tech Mahindra and Reliance Industries.
Among sectors, except energy and IT, all other indices are ended on the higher side led by auto (up 2 percent), PSU bank (up 1.1 percent), pharma (up 1 percent) followed by FMCG, infra and metal. BSE midcap and smallcap indices ended with marginal gains.
HEADLINES OF THE DAY
Jubilant Life Q1 result: Consolidated net profit down 8.6% at Rs 185 crore versus Rs 202.5 crore, revenue was up 5% at Rs 2,182 crore versus Rs 2,079 crore, YoY.
Force Motors Q1: Net profit down 36.2% at Rs 26.15 crore against Rs 41 crore, revenue down 9.7% at Rs 802.48 crore against Rs 889.15 crore, YoY.
Shriram Transport buys back NCDs: Shriram Transport has bought back secured redeemable non-convertible debentures worth Rs 210.7 crore issued by the company on private placement basis.
The crucial resistance for Nifty spot is now seen at 11100 and above this 10960 Support for the immediate term is now placed at 11400 next support will be 11660.
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