Intense selling pressure gripped frontline indices on Thursday as the market witnessed a big correction. The Nifty managed to close below 10,250-mark.
The Sensex closed lower by 424.50 points at 33178.26, while the Nifty was down 131.90 points at 10229.40. The market breadth was in favour of declines as 1268 shares advanced against a fall of 1409 shares, while 145 shares were unchanged.
Bajaj Auto, GAIL, L&T and Bosch gained the most on both indices, while Tata Motors DVR, Reliance Industries, UPL and Hindalco lost the most.
HEADLINES OF THE DAY
L&T receives US$250mn contract from Bangladesh.
DLF calls board meeting to decide on Rs3, 500cr QIP.
Indiabulls Housing Finance’s rating upgraded by S&P to AAA.
The crucial resistance for Nifty spot is now seen at 10325 and above this 10410.Support for the immediate term is now placed at 10125 and next support will be 9960.
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