Closing Bell: Sensex ends 218 points lower, Nifty below 10,550; midcaps see a big fall.
It’s a negative end for the market for this week as tomorrow is a trading holiday on account of Guru Nanak Jayanti.
The Nifty has given up 10,550-mark.
Among sectors, financials, consumption, energy, metals and pharma saw the most losses, while selling was visible in the midcaps space.
Adani Ports, TCS, and Zee Entertainment were the top gainers, while M&M, Tata Steel, and Grasim lost the most.
At the close of market hours, the Sensex was down 218.78 points or 0.62% at 34981.02, while the Nifty was lower by 73.20 points or 0.69% at 10526.80. The market breadth was negative as 1093 shares advanced, against a decline of 1489 shares, while 153 shares were unchanged.
HEADLINES OF THE DAY
Cadila Health Zydus gets US FDA nod for atorvastatin calcium tablets.
The Indian rupee appreciated further in afternoon, trading at day's high on falling oil prices.
ONGC Ordered To Pay Rs 242 cr to Mumbai Port Trust.
Royal Enfield maker Eicher Motors shares fell a percent intraday after Investec slashed target price on the stock by 13.4 percent to Rs 30,300 from Rs 35,000 earlier following cut in earnings estimates.
Indoco Remedies shares were locked in 20 percent upper circuit at Rs 206.40 after company's Goa Plant II & III cleared the US health regulator's inspection.
Glenmark gets USFDA nod for pneumonia treatment drug
The crucial resistance for Nifty spot is now seen at 10710 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.
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