INDIAN BENCHMARKS: SENSEX NIFTY ENDS IN RED DUE TO PROFIT BOOKING

Equity benchmarks closed lower on profit booking in banking & financials and FMCG stocks.

The 30-share BSE Sensex was down 62.83 points at 30,188.15 and the 50-share NSE Nifty slipped 21.50 points to 9,400.90.

About 1787 shares declined against 997 advancing shares on the BSE.

Asian Paints remained top loser, down 3 percent followed by HDFC, ITC, Reliance Industries, ICICI Bank, Axis Bank and HDFC Bank.

HEADLINES OF THE DAY

Glenmark Pharma reports weak Q4FY2017 earnings.

Yes Bank posts divergences of Rs 4,177 crore in gross NPAs.

Dr Reddy's Labs Q4 profit jumps 175%, operating income misses estimates.

UPCOMING RESULTS: CENTRALBANK, KTKBANK, MANGALAM, BATAINDIA, CHENNAIPETRO, COLPAL, MRPL, JKTYRE, KAJARIA, TUBEINVESTMENT, SOUTHBANK,  IDEA, J&KBANK, VEDL.

The crucial resistance for Nifty spot is now seen at 9440 and above this 9500.Support for the immediate term is now placed at 9370 and next support will be 9300.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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