Benchmark
indices ended lower, with the Sensex falling 95.12 points to 35,227.26 due to
sell-off in banking & financials, FMCG and technology stocks.
The Niftyslipped 40 points to 10,696.20. About three shares declined for every share
rising on the BSE.
The NiftyMidcap index fell 267 points.
Atlanta,
Manpasand Beverages, GMR Infrastructure, Shankara Build, PC Jeweller, Reliance
Nippon, Kwality, IRB Infrastructure, V-Guard, Graphite India, Tinplate, HEG,
Venky's, Edelweiss Financial, Allahabad Bank, Andhra Bank, CG Power and Punj
Lloyd fell up to 15 percent.
Firstsource,
KPIT Technologies, Torrent Pharma, Engineers India, Ashok Leyland and TVS Motor
Company gained up to 4 percent.
TVS Motor Company on
Friday registered a sales growth of 10 percent year-on-year at 3,09,865 units
in May 2018 due to one-time impact of E-Way bill.
Manipal-TPG, IHH and
Munjal-Burman & Radiant-KKR submitted their expression of interest for
Fortis.
Tata Motors on Friday has
registered a strong growth of 58 percent in auto sales for May 2018
Atul Auto said total sales
increased 25.1 percent to 3,983 units in May 2018 against 3,184 units in same
month last year.
Mahindra & Mahindra
said auto sales for May 2018 stood at 46,849 vehicles, registering 12 percent
growth compared to 42,003 vehicles sold in May 2017.
Shares of PNC Infratech
gained 3 percent intraday Friday as company declared the lowest bidder for 4th
package of Nagpur-Mumbai Expressway.
The NIFTY will now have Resistance 10755 after that next
resistance will be 10815. The support for nifty will be 10620 and next support
for nifty will be 10540.
BANK NIFTY RESISTANCE AND
SUPPORT
The BANK NIFTY will now
have Resistance 26900 after that next resistance will be 27150. The support for
nifty will be 26325640 and next support for nifty will be 25920.
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