Equity benchmarks snapped two-day winning streak Thursday with the Nifty closing below 8000 level amid consistent weakness in rupee and expiry of November derivative contracts. Continued disruption in Rajya Sabha by opposition parties over demonetization also dented market sentiment.
The 30-share BSE Sensex was down 191.64 points or 0.74 percent at 25860.17 and the 50-share NSE Nifty slipped 67.80 points or 0.84 percent to 7965.50 while the broader markets outperformed benchmarks. The BSE Midcap and Small cap indices declined only 0.1 percent as the market breadth was positive. About 1350 shares advanced against 1205 declining shares on the exchange.
HEADLINES OF THE DAY
Oil India surges as board to consider bonus issue
Natco Pharma gets final nod for generic Budesonide capsules
Manpasand Beverages reports strong Q2 earnings
The crucial resistance for Nifty spot is now seen at 8060 and above this 8130 Support for the immediate term is now placed at 7910 and next support will be 7840.
UPCOMING RESULTS: BATAINDIA, BEML, ICIL, UFLEX, NAVKARCORP, HATHWAY, SHILPAMED, TIDAWATER, MANPASAND, SUVEN