Sensex falls 239 pts, Nifty ends below 10,700; Rel Comm jumps 65%

Benchmark indices extended losses for the second consecutive session, tracking increase in crude oil prices that will hit fiscal deficit of the country.

The 30-share BSE Sensex was down 238.76 points at 35,149.12 and the 50-share NSE Nifty fell 58.40 points to 10,682.70, but the market breadth was positive. About 1,396 shares advanced against 1,217 declining shares on the BSE.

NiftyMidcap outperformed frontliners, rising 70 points.

Jyothy Labs, Crompton Consumer, Future Enterprises, Future Consumer, Petronet LNG, Radico Khaitan, Granules India, Ujjivan Financial, up 20 percent.

TVS Motor, JSW Steel, Skipper, VIP Clothing, Brigade Enterprises and Career Point fell up to 7 percent.

 HEADLINES OF THE DAY

Reliance Communications shot up more than 60 percent.

Take Solutions has reported a rise in Q4 profit to Rs 45 crore, an increase of over 8 percent.

Gujarat Pipavav reported a fall of 27 percent in its net profit for the March quarter at Rs 48.6 crore against Rs 66.2 crore year on year.

Skipper share price plunged 12 percent after the company's operational performance was dismal for the March quarter.

Bajaj Finance's March quarter earnings were strong as profit grew by 61 percent year-on-year to Rs 720.9 crore.

ESCORT Net profit during the quarter grew by 89 percent year-on-year to Rs 112.5 crore from Rs 59.5 crore.

UPCOMING RESULTS: -   BAJAJ AUTO, DALMIA BHARAT, BAJAJ HOLDINGS, AMARA RAJA, TATA CHEMICALS, KIRLOSKAR OIL, KITEX, KALYANI STEELS, ASHOK LEYLAND.

For more update you can contact us :

CapitalStars Financial Research          Forex trading tips        stock market tips           Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 , 07316690000