Equity benchmark indices ended the day on a subdued note, with the Nifty closing below 9900, while the Sensex ended one-fifth of a percent lower.
The Sensex closed down 50.95 points at 31904.40, while the Nifty ended 26.30 points lower at 9873.30. The market breadth was negative as 1277 shares advanced against a decline of 1440 shares, while 153 shares were unchanged.
Axis Bank and ONGC gained the most on both indices, while Tata Steel, Kotak Mahindra Bank, and Canara Bank were the top losers.
HEADLINES OF THE DAY
Godrej Industries gains on plans to raise Rs600 cr via public offer.
Kotak Mahindra Q1 consolidated profit up 26% (YoY).
Bajaj Auto profit in line with estimates.
UPCOMING RESULT: ASHOKLEY, DHFL, INDIANB, MRPL, TATASPONGE, TINPLATE, ATUL, PERSISTENT.
The crucial resistance for Nifty spot is now seen at 9930 and above this 9985 Support for the immediate term is now placed at 9830 and next support will be 9780.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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