Sensex ends over 300 points higher, Nifty closes above 10,550; Eicher Motors up 6%.

Capitalstars Financial Research Pvt. Ltd.

It’s a good end to the trade on Tuesday, with the Nifty closing at 10,582.
In terms of sectors, energy, infra, metals, banks and automobiles were the top gainers, while pain was seen in the pharmaceuticals’ space. The midcap index, too, ended on a positive note, closing over one-third of a percent higher.
At the close of market hours, the Sensex ended up 331.50 points or 0.95% at 35144.49, while the Nifty closed up 100.30 points or 0.96% at 10582.50. The market breadth was narrow as 1,305 shares advanced, against a decline of 1,283 shares, while 150 shares were unchanged.
Shares of NTPC, ICICI Bank, Eicher Motors and IOC were the top gainers, while Sun Pharma and Tata Motors lost the most.

HEADLINES OF THE DAY

United Bank of India's second quarter (Q2FY19) net loss widened to Rs 883.2 crore against Rs 344.8 crore in a year ago period. The company had posted a net loss of Rs 388.68 crore in the quarter ended June 2018.
RBI may keep repo rate unchanged in rest of FY19: Report.
Reliance Infrastructure wins arbitration award: Reliance Infrastructure has won Rs 16.14 crore arbitration award against National Highway Authority of India (NHAI).

Eicher Motors strike called-off: The entire workforce at Royal Enfield’s Oragadam facility reported to work today, bringing an end to the strike, effective November 13, 2018. All three plants of the company are now operational at their full capacity.
Apollo Tyres Q2: Consolidated net profit rose 4 percent at Rs 146 crore against Rs 140.2 crore, revenue was up 22.5 percent at Rs 4,257.4 crore against Rs 3,476.6 crore, YoY.
RITES Q2 result: Net profit rose 59.4 percent at Rs 116.7 crore against Rs 73.2 crore. Revenue was at Rs 433.3 crore against Rs 195.2 crore, YoY.

The crucial resistance for Nifty spot is now seen at 10640 and above this 10800 Support for the immediate term is now placed at 10410 next support will be 10280.

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