Benchmark indices closed sharply lower on Wednesday as uncertainty remained over the formation of government in Karnataka.
The
30-share BSE Sensex was down 156.06 points at 35,387.88 and the 50-share NSE
Nifty fell 60.80 points to 10,741.10.
Reliance
Industries, ICICI Bank, Cipla, GAIL, HPCL and Hindalco were under pressure while
ITC, HUL, Wipro and TCS gained up to 4 percent.
Nifty Midcap index was down 14 points.
PNB,
Syndicate Bank, Bank of Baroda, Century Plyboards, Morepen Labs, Adani
Transmission, Reliance Communications and Shakti Pumps fell up to 16 percent.
HEADLINES OF THE DAY
Century Plyboards Q4
results: The company has reported 35 percent decline in its Q4 net profit at Rs
36 crore, while revenue was up 11.4 percent at Rs 544.1 crore.
Two-wheeler maker TVS
Motor Company has reported a healthy growth of 30.6 percent year-on-year in
profit at Rs 165.6 crore fro the quarter ended March.
ITC share price gained a
percent after March quarter profit grew by 9.9 percent year-on-year to Rs 2,933
crore.
Tata Steel consolidated
net profit of Rs 2,552 crore in the period ending March 31, 2018.
Hindalco Q4 profit drops
25% to Rs 377 crore.
DB Corp Q4 profit falls
11% on weak operational performance; revenue grows 10%.
UPCOMING RESULTS: -
BAJAJ FIN SERV,ALEMBIC, LUX IND, BAJAJ FIN, KIRLOSKAR IND, BALKRISHN
IND, ESCORTS, VOLTAS, KEI, COFFEE DAY, TAJ GVK, TAKE SOLUTIONS, BLISS, SKIPPER,
JK TYRES, RELIANCE CHEMO,SRF
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