INDIAN BENCHMARKS: SENSEX NIFTY ENDS IN RED ON MIDCAP CORRECTION

Benchmark indices ended the session on a negative note, dragged by fall in midcaps as well as escalating cross border tensions.

The Sensex closed down 63.61 points at 30301.64, while the Nifty ended 16.40 points lower at 9369.75. The market breadth was negative as just 697 shares advanced against a decline of 2,022 shares, while 151 shares were unchanged.

Tata Motors was the stock of the day, which was the top gainer, along with Tata Motors DVR and GAIL on both indices. Meanwhile, BHEL, Larsen and Toubro, Bank of Baroda and Bharti Infratel lost the most.

HEADLINES OF THE DAY

Bharat Forge Q4FY2017 numbers in line with estimates.

Adani Ports puts up a strong show in Q4.

Kaveri Seeds Q4 net loss at Rs87 cr.

UPCOMING RESULTS: ASHOKLEY, ASIAN HOTEL, BALKRISHNAIND, BFUTILITY, BOSCH, BRITANNIA, CIPLA, DHAMPUR, GSPL, IOC, MANNAOURAMFIN, NMDC, PAGEIND, VADILA, TIMKEN, THOMASCOOK

The crucial resistance for Nifty spot is now seen at 9430 and above this 9500.Support for the immediate term is now placed at 9330 and next support will be 9270.

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

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