Nifty ends flat, Sensex up 89 points; L&T, Axis Bank top gainers.



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Benchmark indices ended higher for the fourth consecutive day with Nifty closed around 11,050 level.
The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. About 1287 shares have advanced, 1349 shares declined, and 159 shares are unchanged.
L&T, M&M, Axis Bank, ITC and Power Grid Corp were the top gainers on the Nifty, while losers include Wipro, IOC, Coal India, Zee Entertainment and Sun Pharma.
Among the sectoral indices, IT, metal, auto and pharma witnessed selling pressure, while some buying was seen in the bank, FMCG and infra sectors.

HEADLINES OF THE DAY
HDFC Life board declared an interim dividend of Rs 1.63 per equity share of face value Rs 10 each for the financial year 2018-19.
Power Grid board approves interim dividend of Rs 5.83 per share.
L&T gains 3% as construction arm bags contracts in Telangana, Jharkhand.

The crucial resistance for Nifty spot is now seen at 11120 and above this 11300 Support for the immediate term is now placed at 10920 next support will be 10700.

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