Nifty ends Feb series below 10,800; Sensex falls 38 pts; TCS slips 3%.

capitalstars financial research pvt. ltd.

Benchmark indices ended marginally lower on the F&O Expiry day with Nifty closing below 10,800 level.
The Sensex was down 37.99 points at 35867.44, while Nifty was down 8.90 points at 10797.80. About 1463 shares have advanced, 1005 shares declined, and 153 shares are unchanged.
Vedanta, Coal India, BPCL, GAIL and IOC were the top gainers on the Nifty, while losers include TCS, Eicher Motors, Maruti Suzuki, UltraTech Cement and Hero Motocorp.
Among sectors, IT and auto witnessed some selling pressure, while buying seen in the FMCG, PSU bank, metal, pharma, energy and infra.

HEADLINES OF THE DAY
Lupin receives USFDA approval: Company received approval for its Azacitidine for Injection, 100 mg Single-Dose Vial from the USFDA to market a generic version of Celgene Corporations Vidaza.
REC announces interim dividend: The board of directors of REC in its meeting held on February 28 approved declaration and payment of interim dividend at Rs 11 per equity share of Rs 10 each for the financial year 2018-19. The said interim dividend will be paid/dispatched on March 19, 2019.
HEG buyback: The company’s buyback offer is going to open on March 8 and will close on March 22.

The crucial resistance for Nifty spot is now seen at 10870 and above this 10940 Support for the immediate term is now placed at 10750 next support will be 10640.

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