Closing Bell: Nifty ends September
series below 11,000, Sensex down over 200 points; banks drag.
It’s a
negative close for Nifty in September series and it has ended below 11,000-mark
as well. The Sensex concluded the session over 200 points lower.
There was
selling across sectors, with maximum cuts visible among banks, automobile,
infrastructure, metals and pharmaceuticals. Weakness in the midcaps space also
weighed on benchmarks as Nifty Midcap ended over 2 percent lower.
At the
close of market hours, the Sensex closed down 218.1 points or 0.6% at 36324.1,
while the Nifty was lower by 76.3 points or 0.6% at 10977.5. The market breadth
is negative as 767 shares advanced, against a decline of 1,793 shares, while
167 shares were unchanged.
Shares of
Tata Consultancy Services (TCS), Infosys, and Bharti Infratel were the top
gainers, while Yes Bank, Maruti, and Indiabulls Housing have lost the
most.
HEADLINES OF THE DAY
Vijaya
Bank down 2%; board meeting on Sept 29 to consider merger.
Indian
rupee trades flat around 72.56 per
dollar.
Dinesh
Engineers IPO opens on Friday.
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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