Sensex ends below 35K, sheds 216 pts; Nifty Bank loses 359 pts

Benchmark indices snapped three-day winning streak, dented by weak global cues and sharp fall in rupee.

Banking & financials are the major losers that pulled the market lower in trade today.

The 30-share BSE Sensex dropped 216.24 points or 0.61 percent to Rs 34,949.24 and the 50-share NSE Nifty fell 55.40 points to 10,633.30 while Nifty Midcap was down 0.35 percent.

Bank of India, PC Jeweller, Bank of Baroda, Balrampur Chini, HCC, Canara Bank and Strides Shasun were under pressure.

Ruchi Soya, Ashok Leyland, Idea Cellular, SAIL and BHEL gained up to 4 percent.

HEADLINES OF THE DAY

State-run coal mining company Coal India share price fell more than a percent after weak March quarter earnings.

Godfrey Phillips India's March quarter profit dropped 22.8 percent year-on-year to Rs 43.1 crore.

Shares of DCM Shriram Industries fell over 7 percent intraday as company reported net loss in the quarter ended March 2018.

The Monetary Policy Committee (MPC) is expected to maintain the repo rate at 6 percent in the ensuing policy review meeting next week.

M&M's March quarter earnings beat analyst expectations as profit grew by 50 percent year-on-year to Rs 1,155 crore.

State-run power equipment maker Bharat Heavy Electricals (BHEL) has reported more than double growth in March quarter profit at Rs 457.2 crore, driven by strong operational income.

Uflex share price rallied 16 percent despite sharp fall in March quarter profit.

UPCOMING RESULTS: -   HAWKINS, TORRENT PHARMA, HINDUSTAN AERON, APOLLO HOSPITAL, DEEPAK FERT, SAYAJI HOTELS, CANARA BANK, V GUARD, EIH, ONGC,

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