Sensex down over 200 pts, Nifty ends below 10,650; banks drag

Benchmark indices ended sharply lower after the rally in previous week, weighed largely by banking & financials.

The 30-share BSE Sensex shed 215.37 points to 35,011.89 and the 50-share NSE Niftyslipped 67.70 points to 10,628.50 while the Nifty Midcap index shed over 1 percent.

About four shares declined for every share rising on the BSE. Nifty Bank shed 435 points.

Leel Electricals, PC Jeweller, Kwality, Rain Commodities, Delta Corp, HEG, Graphite India, KEC International, TVS Motor, Escorts, Equitas Holdings, down up to 16 percent.

Vakrangee, Atlanta, Man Infra, Lemon Tree, Hexaware and Jubilant Foodworks gained up to 5 percent.

HEADLINES OF THE DAY-:

Housing financier DHFL has raised over Rs 10,944 crore through public issue of bonds which had open for subscription in May.

Lupin announced the launch of its generic Methylergonovine Maleate tablets USP, 0.2 mg, in the US.

Whirlpool of India shareprice gained after the company said in line with the strategic priority for Whirlpool to expand the cooking & built-in appliance portfolio.

Share price of Dilip Buildcon rose 3.6 percent as company received letter of award from National Highways Authority of India (NHAI) for a project in the state of Karnataka.

Steel Authority of India’s shares rose over 2 percent as investors cheered a ratings upgrade on the stock.

 NIFTY RESISTANCE AND SUPPORT-:

The NIFTY will now have Resistance 10815 after that next resistance will be 10875.  The support for nifty will be 10500 and next support for nifty will be 10415.

BANK NIFTY RESISTANCE AND SUPPORT-:

The BANK NIFTY will now have Resistance 27200 after that next resistance will be 27520. The support for nifty will be 25920 and next support for nifty will be 25715.

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