INDIAN BENCHMARKS: SENSEX ENDS OFF DAY’S HIGH, PSU BANKS AND MIDCAP AMONG DRAGGERS
Benchmark indices closed off the day's high while the broader markets were under pressure on correction in shares of banks and companies having debt concerns.
The 30-share BSE Sensex was up 141.52 points at 34,297.47 and the 50-share NSE Nifty gained 44.60 points at 10,545.50.
About two shares declined for every share rising on the BSE.
PNB fell over 11 percent after management gave clarification over transaction fraud worth Rs 11,333 crore.
HEADLINES OF THE DAY
Torrent Power wins order to setup 500MW of wind power projects
Bharti Airtel to consider IPO for Africa business
Jewellery stocks battered post revelations of PNB fraud; Gitanjali Gems hits 52-week low
The crucial resistance for Nifty spot is now seen at 10575 and above this 10660. Support for the immediate term is now placed at 10410 next support will be 10300.
RESULT TOMORROW: VARUN BEVERAGES