Nifty ends below 10,750; RIL, Infosys negative contributors

Closing Bell: Nifty ends below 10,750; RIL, Infosys negative contributors

The market remain choppy during the day but ended marginally lower with Sensex falling 70 points, while Nifty ended below 10,750 mark.

The 30-share BSE Sensex was down 70.85 points at 35,574.55 and the 50-share NSE Nifty fell 20.10 points to 10,749.80.

The market breadth was weak, about 1052 shares have advanced, 1541 shares declined, and 165 shares are unchanged on the BSE.

Midcap and smallcap underperform the major indices with 0.5 percent cut.

HEADLINES OF THE DAY

The Indian rupee slipped 23 paise at 68.97 per dollar. It has opened 6 paise lower at 68.80 per dollar against previous close 68.74.

Infosys unveiled a new partnership with Siemens PLM Software to develop applications and services for MindSphere, the open cloud-based IoT operating system from Siemens.

The Bank of Baroda has raised lending rate by 5 bps applicable from July 7, 2018

Share prices of all listed liquor companies fell up to 6 percent on Thursday after the Karnataka government increased additional excise duty on liquor.

ICICI Securities share price corrected for fourth consecutive session, falling 4 percent to hit fresh low of Rs 292.65 intraday on Thursday after SEBI found ICICI Prudential Asset Management Company guilty of helping I-Sec's IPO get subscribed.

The crucial resistance for Nifty spot is now seen at 10790 and above this 10840. Support for the immediate term is now placed at 10700 next support will be 10550.

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