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Its a strong start to the New Year for equities as bulls took complete charge in the last hour of trade. The Nifty reclaimed 10,900-mark setting it on track to move towards 11,000 as well. Meanwhile, the Sensex ended above 36,000-mark.
Barring auto and consumption sectors, all other sectors ended in the green. HDFC Group twins and ICICI Bank supported the rally.
At the close of market hours, the Sensex was up 186.24 points or 0.52% at 36,254.57, while the Nifty was higher by 47.60 points or 0.44% at 10910.10. The market breadth was narrow as 1,437 shares advanced, against a decline of 1,091 shares, while 147 shares were unchanged.
Bharti Airtel and HDFC were the top gainers, while M&M, Tata Steel, and Hindalco lost the most.
HEADLINES OF THE DAY
SML Isuzu December auto sales down 16 percent at 817 units versus 974 units, YoY.
M&M December auto sales: Total auto sales at 39,755 units against 39,200 units, while tractor sales were down 6 percent at 17,404 units versus 18,488 units, YoY
Satin Creditcare assigned 3 pools of receivables of Rs 755 crore to banks
Torrent Power is considering NCD issuance through private placement basis on February 5, 2018.
Centrum Capital shares gained 5 percent intraday Tuesday after the company completed acquisition of supply chain finance business from L&T Finance.
CMI secured 1 position for supply of Cadmium Catenary Wire to East Coast Indian Railways for a value of Rs 106.64 crore.
The crucial resistance for Nifty spot is now seen at 11110 and above this 11350 Support for the immediate term is now placed at 10800 next support will be 10650.
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