Closing Bell: Sensex ends over 350 points lower, Nifty gives up 10,800; autos, metal drag.
Equities have ended the session off low points, but still in the red. Weak global and domestic cues weighed on the indices. The Nifty managed to give up 10,800.
Weakness was visible among automobiles, banks, energy, metals and pharmaceuticals. The Nifty Midcap index, too, fell over a percent during the trade.
At the close of market hours, the Sensex was down 363.05 points or 1.00% at 35891.52, while the Nifty down 117.60 points or 1.08% at 10792.50. The market breadth is negative as 941 shares advanced, against a decline of 1,577 shares declined, while 169 shares were unchanged. Sun Pharma and TCS were the top gainers, while Vedanta, M&M, Eicher Motors and JSW Steel lost the most.
HEADLINES OF THE DAY
Essel Propack is issuing Commercial Papers (CP) for Rs 35 crore on private placement basis.
SVL has delayed payment of interest for listed NCDs on the due date
Jet Airways plunges over 5% after default on payment, rating downgrade
Bajaj Electricals approves ffundraising Board approved a proposal to raise Rs 250 crore by way of issue of debt securities in the form of Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) on a Private Placement basis. ICRA downgraded long-terminating of Jet Airways to D from C. The short-term rating has been revised to D from A4.
Infosys to announce Q3 earnings on January 11
Capacite Infraprojects rose 4 percent after cthe ompany received contract worth Rs 97.69 crore.
Vedanta slips 3.7 percent: The company shares are trading lower after the Tamil Nadu government moved Supreme Court against the order of National Green Tribunal allowing reopening of Sterlite's Tuticorin unit.
TCS to announce Dec quarter results on January 10
NCC wins order: NCC has received four new orders totaling to Rs 2,890.7 crore in the month of December, 2018.
Hero MotoCorp pitches for 18% GST on two-wheelers
The crucial resistance for Nifty spot is now seen at 10860 and above this 11110 Support for the immediate term is now placed at 10620 next support will be 10480.
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