It was an anti-climax of sorts on the market as benchmarks failed to clock fresh highs, particularly for the Nifty as they managed to end the day on a negative note.
The Sensex, however, has ended at a record closing high.
In the last hour, some selling in midcaps, metals, infra, energy, auto and IT names dragged the market lower from the day’s high points.
The midcap index managed to end on a flat note, with a negative bias.
The Sensex is up 33.13 points or 0.09% at 36858.23, while the Nifty is down 2.30 points or 0.02% at 11132.00.
The market breadth is narrow as 1346 shares advanced, against a decline of 1265 shares, while 172 shares are unchanged.
HEADLINES OF THE DAY
Results to be announced tomorrow :- Agro Tech Foods, Ajmera Realty, Aptech,Bharat Fin, Bharti Airtel, Biocon, CESC, Cholamandalam, Colgate, Container Corp, Dr Reddys Labs, Eveready Ind, Force Motors, Heidelberg Cem, IFB Industries, ITC, Jindal (Hisar),Jubilant Ind, Maruti Suzuki, NIIT, Petronet LNG, Quess Corp, Rolcon Engg, SBI Life Insura, Shriram Trans, Star Cement, Tata Coffee, Tata Power, Yes Bank.
IndiGo falls: Shares of InterGlobe Aviation, operator of IndiGo, fell over 2 percent on Wednesday afternoon as investors reacted to the news of its aircraft getting grounded.
Domino's posts strong Q1: Jubilant FoodWorks, the operator of Domino’s Pizza in India, reported a better-than-expected profit of Rs 74.7 crore for the June quarter. The company had reported a profit of Rs 23.8 crore in the corresponding quarter of last year. Brokerage house Motilal Oswal expected the profit to be around Rs 54 crore.
Tata Elxsi share price hit all-time high of Rs 1,477.10, rising 7 percent intraday on Wednesday following strong operating profit for the quarter ended June 2018.
The crucial resistance for Nifty spot is now seen at 11185 and above this 11310 Support for the immediate term is now placed at 10910 next support will be 10800.
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