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Benchmark indices ended flat after a rangebound session on April 11 as traders remained cautious ahead of TCS & Infosys earnings scheduled to be announced tomorrow.
The 30-share BSE Sensex rose 21.66 points to 38,607.01 and the Nifty50 gained 12.40 points at 11,596.70. The market breadth remained in favour of bears as about 1,325 shares declined against 1,153 advancing shares on the BSE.
Indiabulls Housing Finance, Bajaj Finserv, Bharti Airtel, Bajaj Auto and Dr Reddy's Labs were gainers while Infosys, TCS, Vedanta, Sun Pharma, Power Grid, Tech Mahindra were losers among Nifty50 stocks.
Manappuram Finance, HDFC Life, ICICI Prudential, Rain Industries, CG Power, Tata Global, Adani Power and Tata Power were midcap gainers while Reliance Naval, Edelweiss Financial, Jubilant Foodworks and DLF lost 2-7 percent.
HEADLINES OF THE DAY
Essel Group said the repayment along with interest will be made to each & every lender as per the agreed timeline of September 2019, reports CNBC-TV18.
Technology stocks fell for second consecutive session with the Nifty IT index falling more than half a percent as traders remained cautious ahead of Infosys and TCS' March quarter earnings on April 12.
Vedanta-led Cairn India CEO, CFO quit firm :- Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back.
Lupin has announced that it has received approval for its Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), from the United States Food and Drug Administration (FDA).
The finance committee of the board of directors of JSW Steel has approved the issuance of fixed rate senior unsecured notes aggregating to USD 500 million.
The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.
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