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Benchmark indices has made strong comeback from the lows with Nifty finished just above 10,650 level.
At the close of market hours, the Sensex was down 64.20 points at 35592.50, while Nifty was down 9.30 points at 10652.20. About 1144 shares have advanced, 1346 shares declined, and 140 shares are unchanged.
Adani Ports, Bharti Infratel, Bajaj Finserv, Cipla and Sun Pharma are the top gainers on the Nifty, while top losers include Eicher Motors, GAIL, Yes Bank, HPCL and L&T.
Among the sectors, pharma, IT and FMCG index helped to market recovery, while some selling pressure seen in auto, bank and energy space.
HEADLINES OF THE DAY
Himadri Chemicals Q3 result: Net profit up 20 % at Rs 84 crore against Rs 70 crore, revenue up 17.3% at Rs 586.7 crore versus Rs 500.1 crore, YoY.
Kansai Nerolac result reaction: Company's shares fell 1 percent as Q3 net profit fell 10% at Rs 113 crore, while revenue up 18% at Rs 1,350.7 crore.
Bajaj Finance Q3: Net profit at Rs 1,022.7 crore, NII at Rs 3,209 crore. Net NPA at 0.62 percent and Gross NPA at 1.55 percent.
CLSA on TTK Prestige: Retain buy with target at Rs 9,000 per share. Company remains one of preferred picks in the midcap space. The operating leverage helped deliver a 26-quarter high margin.
HDFC Q3 result: Net profit down 14 percent at Rs 2,113.8 crore, revenue up 3 percent at Rs 10,450 crore.
Ramco Cements Q3: Net profit down 17.6 percent at Rs 101.1 crore, revenue up 14.6 percent at Rs 1,210.4 crore.
SBI is likely to own 15% stake in Jet Airways after debt switch, reported CNBC-TV18 quoting agencies.
The crucial resistance for Nifty spot is now seen at 10800 and above this 10930 Support for the immediate term is now placed at 10580 next support will be 10470.
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