Benchmark indices closed lower for the first time in last seven consecutive trading sessions, dragged by banks, telecom and auto stocks.
The 30-share BSE Sensex was down 80.09 points at 28812.88 and the 50-share NSE Nifty fell 42.80 points to 8896.70 while the broader markets outperformed benchmarks despite weak breadth.
Axis Bank was the biggest loser among Sensex stocks, down 3.6 percent followed by ICICI Bank, L&T, HDFC, Bharti Airtel, Maruti and Tata Motors while Reliance Industries gained 4.7 percent.
HEADLINES OF THE DAY
Lupin’s arm Kyowa enters into agreement with Astellas .
Axis Bank drops on complaint filed by UIDAI.
Cadila receives USFDA approval for Linezolid Tablets.
The crucial resistance for Nifty spot is now seen at 8970 and above this 9010 Support for the immediate term is now placed at 8830 and next support will be 8720.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.http://www.capitalstars.com/