Selling pressure dominated over the bulls in the final minutes of trade and dashed any hope of a recovery, dragged largely by a fall in midcaps and banking stocks.
The Sensex was down 265.83 points at 31258.85, while the Nifty closed down 83.05 points at 9754.35. The market breadth was negative as 907 shares advanced against a decline of 1,715 shares, while117 shares are unchanged.
Axis Bank, ITC and TCS gained the most on both indices, while Infosys, BHEL and Bank of Baroda were the top losers.
HEADLINES OF THE DAY
HDFC SUBSIDIARY FILES DRHP WITH SEBI FOR IPO.
IOCL TO INVEST RS 52K IN PARADIP.
SUVEN LIFE SECURES A PRODUCT PATENT IN JAPAN
The crucial resistance for Nifty spot is now seen at 9830 and above this 9900.Support for the immediate term is now placed at 9685 and next support will be 9560.
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