Closing Bell: Sensex falls 64 points, Nifty ends above 10,500; PSU banks gain big.
Last hour buying helped the Indices to recover some ground with Nifty ended above 10,500 level.
Among the sectors, the Nifty PSU bank index remained the major contributor to the recovery as it ended higher by more than 3 percent. Nifty IT and Metal index also ended in green, while auto, infra, pharma and FMCG index ended in red.
At the close of market hours, the Sensex was down 64.02 points at 34,947.63, while the Nifty was down 29 points at 10,524. About 1324 shares have advanced, 1292 shares declined, and 155 shares are unchanged.
SBI, Axis Bank, Reliance Industries, Wipro and Coal India are the top gainers, while IndusInd Bank, NTPC, Power Grid Corp, Hero Motocorp and Adani Ports lost the most on the Sensex.
HEADLINES OF THE DAY
Result reaction: Indraprastha Gas rose 2.5 percent intraday Monday after company's Q2 net profit increased by 6.5 percent at Rs 187.3 crore and revenue was up 10.4 percent at Rs 1,421.5 crore.
State Bank of India Q2 result: The company has reported Q2 net profit at Rs 944.9 crore, NII at Rs 20,905.7 crore. Net NPA was down at 4.84 percent, while Gross NPA was down 9.95 percent.
Exide Industries Q2 result: The company has posted 98 percent jump in its Q2 net profit at Rs 268.4 crore against Rs 135.5 crore. Revenue was up 15.3 percent at Rs 2,720 crore versus Rs 2,358 crore.
Lupin receives FDA approval: The company has received approval for its Doxercalciferol Injection, 4 mcg/2 mL (2 mcg/mL) Multi-dose Vials from the United States Food and Drug Administration (FDA) to market a generic version of Sanofi Genzyme's Hectorol Injection.
Gail Q2 result: The company has reported 55.8 percent jump in its QoQ net profit at Rs 1,963 crore on the back of better operating performance. The company had reported net profit at Rs 1259.25 crore in the quarter ended June 2018.
Bosch reported a surge of 19 percent (year on year) in its net profit for September quarter at Rs 420 crore against Rs 353 crore.
Results to be announced tomorrow :- AB Capital,Dr Lal PathLab,Graphite India,Voltas.
The crucial resistance for Nifty spot is now seen at 10640 and above this 10800 Support for the immediate term is now placed at 10410 next support will be 10280.
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