Closing Bell: Sensex loses 464 pts, Nifty ends tad above 10,300; RIL, HDFC, Infosys drag.
Benchmark indices closed sharply lower amid weak global cues. Reliance earnings, NBFC crisis and H1-B visa issue dented investors sentiment.
The 30-share BSE Sensex was down 463.95 points or 1.33 percent at 34,315.63 and the 50-share NSE Nifty slipped 149.50 points or 1.43 percent to 10,303.50.
HDFC, Infosys and Reliance Industries were leading contributors to the Nifty's fall.
HCL Technologies, Tech Mahindra, Indiabulls Housing Finance, Tata Motors, Axis Bank and Maruti Suzuki caught in bear trap.
HPCL, Sun Pharma and Vedanta were gainers.
Nifty Midcap index was down 1.5 percent.
PNB Housing Finance, Dewan Housing, Mindtree and Piramal Enterprises fell 8-18 percent.
NIIT Tech, Jet Airways, Biocon and Federal Bank gained 3-5 percent. Hathway Cable rose 3 percent but Den Networks lost ground on Reliance deal..
HEADLINES OF THE DAY
FII View | Foreign investors cautious on India, pharma & consumption attractive: Steven Birch.
MindTree slips over 17% as brokerage firms cut target price post Q2 results.
UltraTech Cement Q2 standalone profit down 9% at Rs 390-cr on rising energy, logistics cost.
RIL tumbles over 6% on mixed Q2 earnings; brokerages see 14-29% upside.
Results to be announced tomorrow :- HDFC Bank,ICICI Lombard.
The crucial resistance for the Nifty spot is now seen at 10520 and above this 10800 Support for the immediate term is now placed at 10250 next support will be 10110.
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