Closing Bell: Sensex ends almost 100
points lower, Nifty below 11K on Day 1 of October series; Infibeam down 70%.
It has
been a rather jittery start to the October series. The Nifty has stayed below
11,000-mark. The Sensex is down around 90 points.
Selling
in automobiles, infrastructure, metals and pharma names were the highlight,
while FMCG and the Bank Nifty have ended in the green. But the selling in
midcaps have also been one of the major factors for the market to fall.
At the
close of market hours, the Sensex closed down 97 points or 0.2% at 36227.1, and
the Nifty down 44.4 points or 0.4% at 10933.1. The market breadth is negative
as 526 shares advanced, against a decline of 2,101 shares, while 159 shares
were unchanged.
Shares of
Axis Bank, ITC, and Wipro are the top gainers, while Yes Bank, Hero MotoCorp,
and Indiabulls Housing lost the most.
HEADLINES OF THE DAY
Gail
India, GSPL gain 3-7% as PNGRB revises tariffs for key gas transportation
pipelines.
Weak
Listing: IRCON International share price falls 11% on debut, opens at Rs 422.
Yes
Bank tanks 9% despite company's denial of concealing corporate NPAs.
The crucial resistance for
Nifty spot is now seen at 11180 and above this 11320 Support for the immediate
term is now placed at 10900 next support will be 10720.
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