Sensex ends on a high note, Nifty just below 10,850; Yes Bank surges 8%.

capitalstars financial research pvt. ltd.

Equity benchmarks have ended the day on a positive note, but the Nifty has ended the session below 10,850.

Among sectors, energy, IT and PSU banks were the big gainers, while automobiles and pharmaceuticals saw some pain. 

At the close of market hours, the Sensex was up 86.63 points or 0.24% at 36195.10, and the Nifty up 18.30 points or 0.17% at 10849.80. The market breadth was negative as 938 shares advanced, against a decline of 1,533 shares, while 152 shares were unchanged.

Yes Bank and Reliance Industries were the top gainers, while Tata Motors, Power Grid, and Bharti Infratel lost the most. 

HEADLINES OF THE DAY

Yes Bank announces appointment of Ravneet Gill as MD and CEO w.e.f March 1.

Sharda Cropchem Q3: Consolidated net profit was up at Rs 20.3 crore, revenue was up 44.9 percent at Rs 471.4 crore.

Sony joins race for Zee TV: Sony in talk to pick up stake in Zee Entertainment, reported CNBC-TV18, quoting Sources.

Colgate Palmolive Q3 results: The company has reported 2.6 percent rise in its Q3 net profit at Rs 192.1 crore versus Rs 171 crore in the same quarter last fiscal. Revenue was up 6.4 percent at Rs 1,099 crore against Rs 1,033 crore

Reliance Jio launched Rs 594 and Rs 297 long validity prepaid plans for Jio phone users with 168 days and 84 days validity respectively.

The crucial resistance for Nifty spot is now seen at 10940 and above this 11030 Support for the immediate term is now placed at 10780 next support will be 10690.

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