INDIAN BENCHMARKS: SENSEX LOSES 267 POINTS, NIFTY ENDS BELOW 9300

Equity benchmarks erased previous day's gains, up nearly a percent on profit booking in banks, oil and metals stocks.

The 30-share BSE Sensex was down 267.41 points at 29,858.80 and the 50-share NSE Nifty slipped 74.60 points to 9,285.30.

Asian Paints, SBI, Aurobindo Pharma and Indiabulls Housing Finance were top gainers on both the indices, while Tata Motors, ONGC and Hindalco lost the most.

HEADLINES OF THE DAY

Wockhardt falls on Q4 Cons Net Loss of Rs174.7 Cr.

Tata Comm tanks as Q4 Loss comes at Rs260.8 Cr.

Cadila gets USFDA approval to market Budesonide Capsules.

UPCOMING RESULTS: GATI, DMART, CANBK, INFRATEL, MANGALAM, UNION BANK, JAYSHREETEA, WELCORP.ABB.

The crucial resistance for Nifty spot is now seen at 9390 and above this 9440.Support for the immediate term is now placed at 9270 and next support will be 9230.

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