The market ended the day on a weak note, with equity benchmarks seeing heavy selling on Wednesday on the back of negative global cues.
The 30-share Sensex was down 317.7 points at 29,167.6, while the Nifty plunged 91 points— a percent lower— at 9030.45. The market breadth was well placed in the negative zone, with 990 shares having advanced against a decline of 1,822 shares. Around 194 shares remained unchanged.
Delta Corp gained closed 4 percent higher ahead of its board meeting as well as an initiation of buy coverage from Motilal Oswal. The stock gained over 7 percent intraday.
Pharma stocks such as Lupin and Cipla were top gainers on both the indices, while Bharti Airtel and ITC lost the most on Sensex and Nifty.
HEADLINES OF THE DAY
Bank of Maharastra up on plans to raise equity capital.
Wockhardt surges on USFDA nod for piperacillin, tazobactam.
Adani Enterprises acquires 100% shares of AIPL.
The crucial resistance for Nifty spot is now seen at 9130 and above this 9175 Support for the immediate term is now placed at 9003 and next support will be 8920.