CAPITALSTARS INVESTMENT ADVISER
Closing Bell: Infosys lifts Sensex 160 pts, Nifty fails to hold 11,600; mid, smallcaps fall.
Benchmark indices continued to trade higher, driven largely by Infosys after its Q1 earnings.
The BSE Sensex rose 165.12 points to 38,901.35 and the Nifty50 gained 38.50 points at 11,591.
HEADLINES OF THE DAY
Shriram Transport Finance Company said it proposed a public issue of upto Rs 10,000 crore by issuing secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each.
The rally in Infosys drove benchmark indices higher but broader markets underperformed.
Sun Pharma Advanced Research spiked 16% and Pidilite Industries gained 1.5 percent while RBL Bank fell 5.6 percent.
Bajaj Consumer Care shares gained 3 percent intraday after company's June quarter earnings report.
Crisis-hit property finance firm Dewan Housing Finance Corporation (DHFL) said it was working closely with its creditors and stakeholders on a resolution plan that would not require its lenders to take a haircut.
The crucial resistance for Nifty spot is now seen at 11700 and above this 11960 Support for the immediate term is now placed at 11460 next support will be 11200.
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