Closing Bell: Monday blues on D-Street! Sensex ends over 200 points lower, Nifty gives up 11,400; IT, pharma gain
At the close of market hours, Sensex closed down 224.33 points or 0.59% at 37644.90, while the Nifty fell 73.70 points or 0.64% at 11355.80. The market breadth is negative as 963 shares advanced, against a decline of 1,716 shares, while 161 shares were unchanged.
The Nifty managed to give up 11,400-mark, while the Sensex fell over half a percent.
The only sectors to shine during the day’s trade were the traditional defensives. Weak rupee ensured a good boost to information technology (IT) stocks, while pharmaceuticals too had a good day of trade, led by a surge in Sun Pharmaceuticals.
Among stocks, Infosys, Sun Pharma, GAIL and Tech Mahindra were the top gainers, while Yes Bank, Vedanta, BPCL and HPCL lost the most among both indices.
HEADLINES OF THE DAY
Results to be announced tomorrow :- BGR Energy,Finolex Cables,Grasim,HDIL,IDBI Bank,Infibeam Incorp,Jindal Poly Inv,Kolte-Patil,Mercury Labs,Omega Int Tech,Rain Industries,Sayaji Hotels,SpiceJet,Sun Pharma,Woodsvilla.
Bank NPAs fall by Rs 21,548 cr in Q1; provisions drop Rs 63,734 cr but may stay elevated for few more quarters
Indian rupee recovers after falling to a record low of 69.61 to US dollar
The crucial resistance for Nifty spot is now seen at 11450 and above this 11650 Support for the immediate term is now placed at 11300 next support will be 11150.
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