Weakness in the last hour of trade dragged equity benchmarks to low points. The Nifty ended the session below 10,250-mark, while the Sensex shed over 180 points. Against this, the market had a strong start, with the Sensex and Nifty having risen a percent each.
Financials gave up all of their gains and were a lag on the benchmarks. Along with them, energy, IT, and metals were the big losers. Sell-off in midcaps, too, added to the weakness, with the Nifty Midcap index falling over a percent lower.
At the close of market hours, the Sensex closed down 181.25 points or 0.53% at 34134.38, while the Nifty fell 58.20 points or 0.56% at 10245.30. The market breadth was negative as 832 shares advanced, against a decline of 1,758 shares, while 980 shares were unchanged.
ICICI Bank, NTPC, Indiabulls Housing and Eicher Motors are the top gainers, while IndusInd Bank, Reliance Industries, and BPCL lost the most.
HEADLINES OF THE DAY
SBI receives approval to raise Rs5,000cr via bonds in FY19
Lupin gets USFDA nod for generic Triamcinolone Acetonide
PNB Housing Finance raises Rs1,775cr via commercial paper
The crucial resistance for Nifty spot is now seen at 10400 and above this 10530 Support for the immediate term is now placed at 10150 next support will be 10000.
RESULTS TOMORROW: ADANIPORT, AMBUJA, BAJAJFINANCE, BAJAJFINSV, HCLTECH, HDFCLIFE, ICICIPRULI, MCX, RBLBANK, TVSMOT
Visit: Forex trading tips stock market tips Share Tips Exper
Financials gave up all of their gains and were a lag on the benchmarks. Along with them, energy, IT, and metals were the big losers. Sell-off in midcaps, too, added to the weakness, with the Nifty Midcap index falling over a percent lower.
At the close of market hours, the Sensex closed down 181.25 points or 0.53% at 34134.38, while the Nifty fell 58.20 points or 0.56% at 10245.30. The market breadth was negative as 832 shares advanced, against a decline of 1,758 shares, while 980 shares were unchanged.
ICICI Bank, NTPC, Indiabulls Housing and Eicher Motors are the top gainers, while IndusInd Bank, Reliance Industries, and BPCL lost the most.
HEADLINES OF THE DAY
SBI receives approval to raise Rs5,000cr via bonds in FY19
Lupin gets USFDA nod for generic Triamcinolone Acetonide
PNB Housing Finance raises Rs1,775cr via commercial paper
The crucial resistance for Nifty spot is now seen at 10400 and above this 10530 Support for the immediate term is now placed at 10150 next support will be 10000.
RESULTS TOMORROW: ADANIPORT, AMBUJA, BAJAJFINANCE, BAJAJFINSV, HCLTECH, HDFCLIFE, ICICIPRULI, MCX, RBLBANK, TVSMOT
Visit: Forex trading tips stock market tips Share Tips Exper
