Closing Bell: Equity benchmarks have ended the day on a positive note, though off their high points. The Nifty closed below 10,800-mark.
All, but three, sectors ended the session on a green note. Metals, pharmaceuticals as well as PSU banks ended the day in the red. The Nifty Midcap index closed around flat line.
At the close of market hours, the Sensex was up 155.06 points or 0.43% at 35850.16, while the Nifty was higher by 44.40 points or 0.41% at 10771.80. The market breadth was negative as 1292 shares advanced, against a decline of 1310 shares, while 172 shares were unchanged.
Axis Bank, Tata Motors, and Bharti Infratel gained the most, while Bajaj Auto, Yes Bank, and Indiabulls Housing were the top losers.
HEADLINES OF THE DAY
Tata Motors is in focus as its JLR UK sales have grown 7 percent at 6,625 units against 6,195 units last year. Essar Global has repaid Rs 6300 crore to ICICI Bank, Axis Bank and StanChart
The rupee has erased most of its morning gains and is trading at 69.69 per US dollar.
The Reserve Bank of India (RBI), having changed management last month following a clash with the government, is likely to transfer an interim dividend of 300-400 billion rupees ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.
Tata Consultancy Services has acquired select company assets of BridgePoint Group.
The crucial resistance for Nifty spot is now seen at 10840 and above this 10960 Support for the immediate term is now placed at 10660 next support will be 10530.
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