Closing Bell: Sensex tanks 550 points as sell-off intensifies in late trade; metals shine
Benchmark indices extended losses in late trade as the Sensex closed below 36,000 and Nifty below 10,900 levels amid weakening rupee, higher crude oil prices and Italy crisis.
All sectoral indices ended in the red barring Metal while the Nifty Midcap index shed over a percent.
The 30-share BSE Sensex slipped 550.51 points or 1.51 percent to 35,975.63 and the 50-share NSE Nifty dipped 150 points or 1.36 percent to 10,858.30 but the market breadth remained in favour of advances
About 1,444 shares advanced against 1,194 declining shares on the BSE.
Shriram Transport, Can Fin Homes, Reliance Nippon Asset Management, Muthoot Finance, Federal Bank, Jubilant Foodworks, Godrej Consumer, Dabur, GSK Consumer, Bata India, Godfrey Phillips, Ambuja Cements, Pidilite, Adani Enterprises and Apollo Tyres plunged 3-10 percent.
Balrampur Chini, Dhampur Sugar, Nalco, Gati, Hathway Cable, Tinplate and Indiabulls Real Estate rallied 4-20 percent.
HEADLINES OF THE DAY
L&T construction bags order valued Rs3,036cr
Tata Communications acquires Teleena
Vedanta rises ~4% on reports of $4bn investment plan
The crucial resistance for the Nifty spot is now seen at 11070 and above this 11190 Support for the immediate term is now placed at 10800 next support will be 10595.
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