INSUBCONTINENT EXCLUSIVE:
The SP BSE Sensex and NSE Nifty 50 Indexes ended on a flat note
Gains in Reliance Industries, ITC, HDFC Bank, Hindustan Unilever and State Bank of India were offset by losses in Tata Consultancy Services
and Infosys which came under selling pressure a day ahead of March quarter earnings
Selling pressure in ICICI Bank, Axis Bank, Vedanta and NTPC also capped the up move in the benchmarks
For most part of the day, the domestic equity benchmarks fluctuated between gains and losses and the SP BSE Sensex swung at least 10 times
between the positive and negative territory.The SP BSE Sensex rose 22 points or 0.06 per cent to close at 38,607 and the NSE Nifty 50 Index
advanced 0.11 per cent or 12 points to end at 11,597.Nifty is still in a consolidation range and support lies around 11,569-11,549 levels
Going ahead, this support zone would be closely watched by the traders
A sustainable move below this would result into an extended correction
However, in our sense, Nifty would probably move higher and immediate resistance is now placed in the zone of 11,638 - 11,675 levels, Sameet
Chavan, chief analyst- technical and derivatives with Angel Broking, said.Twelve of 19 sector gauges compiled by BSE ended higher led by the
SP BSE Energy Index's 1.1 per cent gain
Telecom, oil gas, FMCG, consumer durablesand auto indexes also rose beween 0.5 and 1 per cent each
On the flipside, SP BSE Information Technology Index was top loser, down 1 per cent.Mid- and small-cap shares ended in-line with their
larger peers as the SP BSE MidCap and SP BSE SmallCap Index ended little changed.Indiabulls Housing Finance, Bharti Airtel, Bajaj Finserv,
Reddy's Labs, GAIL, State Bank of India, Reliance Industries and Bajaj Finance were among gainers in the Nifty 50 basket of shares
On the other hand, Vedanta, Sun Pharma, Power Grid, Tech Mahindra, Axis Bank, Infosys, Tata Steel, Adani Ports, ICICI Bank, HCL Technologies
and TCS were among the laggards.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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