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Friday, 22 June 2018

Closing Bell: Sensex loses 115 pts, Nifty ends below 10,750

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Closing Bell: Sensex loses 115 pts, Nifty ends below 10,750

Benchmark indices ended lower after consolidation, as investors monitor trade developments between US and China. The OPEC decision will also be closely watched.
IOC, HPCL and BPCL gained 3-4 percent on correction in crude oil prices.
ICICI Bank and Reliance Industries gained more than a percent while HDFC Bank rose half a percent.
SBI, L&T, ITC, Maruti, M&M, Dr Reddy’s Labs and Axis Bank were under pressure.
Nifty Midcap index fell over 100 points.

HEADLINES OF THE DAY

ICICI Bank gains over 2% on reports of likely appointment of new chairman
PNB Housing Finance to consider fund raising
Dr Reddy’s Laboratories has launched Levetiracetram in Sodium Chloride injection, an anti-epileptic drug, in the US market.
The crucial resistance for Nifty spot is now seen at 10810 and above this 10875. Support for the immediate term is now placed at 10640 next support will be 10585.
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