Nifty ends January series above 10,800; Sensex surges 665 points.

capitalstars financial research pvt. ltd.

Benchmark indices extended their morning gains with Nifty hovering near 10,800 level, while Sensex up over 500 points.
The Sensex is up 537.65 points at 36128.90, while Nifty is up 142.10 points at 10793.90.
Infosys, Kotak Mahindra Bank, Axis Bank, IndusInd Bank and HDFC are the top gainers on the Sensex.

HEADLINES OF THE DAY

LG Balakrishnan Q3 result: Net profit up 30% at Rs 29.2 crore versus Rs 22.5 crore. Revenue up 21.5% at Rs 409.4 crore versus Rs 337 crore, YoY.

Sundaram Finance Q3 result: Net profit down 2.6% at Rs 156.5 crore versus Rs 160.6 crore, revenue up 18.9% at Rs 846 crore versus Rs 711.8 crore.

Board of Directors of HDFC Bank have approved the appointment of MD Ranganath as an additional independent director of the bank for a period of five years effective from today i.e. January 31, 2019.

Dabur India Q3 result: Consolidated net profit at Rs 366 crore, revenue at Rs 2,199 crore.

Focus is on infra theme ahead of Budget 2019; experts bet on L&T

The crucial resistance for Nifty spot is now seen at 10930 and above this 11020 Support for the immediate term is now placed at 10620 next support will be 10530..

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