Equity benchmark indices witnessed a day of correction, in line with the momentum seen in the past few sessions. The Nifty breached another milestone of 9800 and ended below the mark.
The Sensex closed down 439.95 points or 1.39% at 31159.81, while the Nifty ended lower by 135.75 points or 1.38% at 9735.75. The market breadth was negative as 582 shares advanced against a decline of 1,951 shares, while 135 shares were unchanged.
Midcaps, PSU banks and pharma stocks plummeted, while IT stood against the tide and ended almost flat.
TCS, Coal India and Bharti Infratel were the top gainers, while Adani Ports and Sun Pharma lost the most.
HEADLINES OF THE DAY
Aurobindo Pharma receives USFDA form 483 with 2 observations.
Divi's Labs tumbles over new USFDA observations.
India VIX hits 1-month high as Indian Army strikes Naga militants.
The crucial resistance for Nifty spot is now seen at 9780 and above this 9870.Support for the immediate term is now placed at 9710 and next support will be 9665.
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