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| CapitalStars Investment Adviser |
Closing Bell: Market close: The final hour recovery helped the Nifty to close around 11,000 level and Sensex above 37,000 after remained under immense selling pressure throughout the day.
At close, the Sensex was down 462.80 points at 37,018.32, while Nifty was down 138 points at 10,980. About 830 shares have advanced, 1587 shares declined, and 147 shares are unchanged.
Vedanta, JSW Steel, Hindalco Industries, SBI and Tata Motors were among major losers on the Nifty, while gainers were Wipro, Bharti Infratel, Maruti Suzuki, Reliance Industries and Power Grid Corp.
HEADLINES OF THE DAY
The total sales fell 13 percent at 2.79 lakh units against .21 lakh units. The two-wheeler sales down 13.7% at 2.65 lakh units against 3.07 lakh units, YoY.
Motorcycles sales down 10.7% at 1.08 lakh units versus 1.21 lakh units and scooter sales down 11% at 1.05 lakh units against 1.18 lakh units. Total exports down 3.1 percent at 69,994 units against 72,242 units, YoY.
The crucial resistance for Nifty spot is now seen at 11100 and above this 11200 Support for the immediate term is now placed at 10800 next support will be 10720 .
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