INDIAN BENCHMARKS: SENSEX TANKS AROUND 263 POINTS, NIFTY 50 BELOW 8000
Equity benchmarks extended losses for the seventh consecutive session today, falling 1 percent weighed by banking & financials, infra, oil and metals stocks. The Sensex plunged 262.78 points to 25979.60 and the Nifty fell 82.20 points to 7979.10.
About 1978 shares declined against 665 advancing shares on the BSE. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices declining 1.5 percent and 1.25 percent, respectively.
HEADLINES OF THE DAY
IFCI raises lending rate by 10 bps to 8.6%.
Sun Pharma to buy Novartis' cancer drug Odomzo.
Prism Cement gains on stake hike.
The crucial resistance for Nifty spot is now seen at 8070 and above this 8130 Support for the immediate term is now placed at 7920 and next support will be 7840.