Friday, March 16, 2018
INDIAN BENCHMARKS: SENSEX FALLS 510 POINTS NIFTY BELOW 10200
Benchmark indices corrected sharply in last couple of hours of trade, with the Sensex falling 509.54 points or 1.51 percent to 33,176, weighed by index heavyweights Reliance Industries, ITC and HDFC twins.
The NSE Nifty was down 165 points or 1.59 percent to 10,195.20. About two shares declined for every share rising on the BSE.
Midcaps also participated in the correction as the Nifty Midcap was down 1 percent.
Gravita India, Dilip Buildcon, Graphite India and ITDC gained up to 7 percent while Central Bank of India, IDBI Bank, SBI and PNB were mildly lower.
HEADLINES OF THE DAY
Wockhardt under the domestic regulatory scanner
L&T Construction and DFCCIL sign contract worth Rs2,864cr
Infy to open technology & innovation hub in Connecticut, US.
The crucial resistance for Nifty spot is now seen at 10300 and above this 10430. Support for the immediate term is now placed at 10150 next support will be 10045.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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