Sensex, Nifty end flat on a choppy day; IT, auto stocks under pressure.

capitalstars financial research pvt. ltd.

Benchmark indices ended flat in choppy session on Thursday.At the close, the Sensex was up 2.72 points at 37754.89, while Nifty was up 1.60 points at 11343.30. About 1216 shares have advanced, 1468 shares declined, and 148 shares are unchanged.
Nifty Bank has crossed 29,000 for the first time today, ended near day's high.
NTPC was the top gainer on the Nifty followed by IndusInd Bank, Yes Bank, Sun Pharma and Coal India, while Power Grid Corp lost 3 percent, followed by HCL Tech, Hero Motocorp, UltraTech Cement and Tata Motors.
Among the sectors, IT and auto stocks remained under pressure, while buying was seen in in the metal and pharma stocks.
HEADLINES OF THE DAY
Reliance Infra signs agreement with Cube Highways: Reliance Infrastructure has approved the sale of its entire equity interest in DA Toll Road, a wholly owned subsidiary for an enterprise value of Rs 3,609 crore.
Cadila Healthcare get USFDA approval: Zydus Cadila has received the tentative approval from the USFDA to market Sitagliptin and Metformin Hydrochloride Extended-Release Tablets, (US RLD-JANUMET XR), 50 mg/500 mg, 50 mg/ 1,000 mg and 100 mg/ 1,000 mg.
India VIX, the measure of volatility, has fallen 0.65 percent at 15.17.
The crucial resistance for Nifty spot is now seen at 11480 and above this 11600 Support for the immediate term is now placed at 11200 next support will be 10980.

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