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The gainers on Nifty were Zee Entertainment, Yes Bank, Infosys, Coal India and Power Grid Corp, while losers include Bharti Infratel, Bajaj Auto, Grasim Industries, Hero Motocorp and UltraTech Cement.
Among sectors, auto, infra and PSU bank remained under pressure, while buying seen in the energy, IT and Metal.
HEADLINES OF THE DAY
SpiceJet Q4: Net profit at Rs 56.3 crore versus Rs 46.1 crore and revenue was up 25.3% at Rs 2,531.2 crore versus Rs 2,020 crore.
Gruh Finance raise FPI limit: The company board approved an increase in the limit of total investment by all Foreign Portfolio Investors under the Portfolio Investment Scheme from 24% to 40% of the paid-up equity share capital of the company, subject to the approval of the members of the company at the ensuing annual general meeting (AGM).
Shares of Dewan Housing Finance Corporation fell nearly 3 percent on media reports that the ministry of home affairs (MCA) has issued a lookout notice against the promoters of the company over non-existent shell companies.
Adani Gas gains 13%: Shares of Adani Gas surged more than 13 percent after the company almost doubled its net profit in the March quarter on the back of higher sales.
The crucial resistance for Nifty spot is now seen at 12040 and above this 12160 Support for the immediate term is now placed at 11740 next support will be 11560.
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