INDIAN BENCHMARKS: SENSEX DOWN 375 PONITS, NIFTY 50 BELOW 8750
After a lot of volatility, the market has ended with severe cuts. The Sensex was down 373.94 points or 1.3 percent at 28294.28 and the Nifty fell 108.50 points or 1.2 percent at 8723.05.
About 1047 shares have advanced, 1645 shares declined, and 213 shares are unchanged.
Coal India, Reliance, Dr Reddy's Labs and TCS were top gainers while ONGC, Tata Motors, ICICI Bank, NTPC and GAIL were losers in the Sensex.
HEADLINES OF THE DAY
ONGC to buy stake in GSPC gas block.
Cairn to spend $150 mn on 10 exploratory wells in AP.
REC receives shareholder's nod to raise Rs50, 000 crore
The crucial resistance for Nifty spot is now seen at 8752 and above this 8817. Support for the immediate term is now placed at 8685 and next support will be 8620.