Equity benchmarks closed lower, but not before recovering from the day’s low points.
The Sensex closed 33.29 points lower at 29485.45, while the Nifty ended 5.35 points down at 9121.50. The market breadth was narrow, but also recovered. About 1,094 shares advanced against a decline of 1,692 shares, while 188 shares are unchanged.
Dr Reddy’s Laboratories, Axis Bank and Idea Cellular were top losers on both the indices, while ITC, ONGC and Grasim were the top gainers.
Divi’s Laboratories was in focus after the stock plummeted over 20 percent intraday on receipt of an import alert from the US Food and Drug Administration (FDA). At the close of market hours, the stock was quoting at Rs 630.90, down 20.21 percent on the BSE. It touched a 52-week low of Rs 628.45.
HEADLINES OF THE DAY
D-Mart IPO receives bumper listing on the exchanges.
Glenmark arm gets approval for Clobetasol Propionate Ointment
Engineers India board approves buyback.
The crucial resistance for Nifty spot is now seen at 9220 and above this 9270 Support for the immediate term is now placed at 9101 and next support will be 9003.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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