Nifty ends a tad below 10,800, Sensex gains 142 pts; Tata Motors up 3%



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Benchmark indices closed on positive note with Nifty finished around 10,800 level helped by buying in select pharma, metal and PSU banking names. The Sensex was up 142.09 points at 35898.35, while Nifty was up 54.40 points at 10789.90. About 1555 shares have advanced, 971 shares declined, and 146 shares are unchanged. Except IT, all the sectoral indices ended in green. Midcap and smallcap also gained 0.8 percent and 1 percent respectively.
Indiabulls Housing, Bajaj Finserv, Tata Motors, Dr Reddys Labs and Vedanta were the major gainers, while losers include BPCL, Bharti Infratel, Yes Bank, Infosys and Maruti Suzuki on the Nifty.

HEADLINES OF THE DAY
Reliance Capital invites Nippon Life to acquire 42.88% stake in its mutual fund business Nippon Life Insurance already holds 42.88 percent stake in Reliance Nippon Life Asset Management
Piramal Enterprises rises 2% as SC exempt Saridon from list of banned FDCs The Supreme Court of India has ruled in favor of Saridon by exempting its formulation from the list of banned FDCs (Fixed Dose Combinations).
L&T asks SEBI to reconsider its Rs 9,000cr buyback plan: Report L&T wants to complete the buyback within one year from the date of announcement.
L&T asks SEBI to reconsider its Rs 9,000cr buyback plan: Report L&T wants to complete the buyback within one year from the date of announcement.

The crucial resistance for Nifty spot is now seen at 10871 and above this 10996 Support for the immediate term is now placed at 10653 next support will be 10485.

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