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Sensex ends the day on a flat note, Nifty below 11,000; IT, pharma crack


Equity benchmarks have ended the day on a flat note, with the Nifty closing below 11,000-mark.

Sectoral indices have closed mix, with cuts seen in pharmaceuticals, infrastructure, and information technology names.

Midcaps, too, ended in the red, down almost one percent.

The Sensex is down 22.21 points or 0.06% at 36351.23, while the Nifty is down 23.40 points or 0.21% at 10957.10.

The market breadth is negative as 822 shares advanced, against a decline of 1731 shares, while 170 shares are unchanged.

Among stocks, Airtel, Vedanta, Titan and Yes Bank are the top gainers, while Kotak Mahindra Bank, L&T, Bharti Infratel and Hindalco have lost the most.

Shares of Mindtree have ended down 8 percent on the back of poor results and CFO resignation.

HEADLINES OF THE DAY

Results to be announced tomorrow :- Atul, Bajaj Auto, Bajaj Holdings, Bata India, Bombay Wire Rop, Ceat, Havells India, HDFC Life, Just Dial, Kansai Nerolac, KELTECH Energ, L&T Finance, MCX India, Wipro, Zee Media.

Lupin received tentative approval from the US health regulator for its Tadalafil tablets, indicated for treating erectile dysfunction and prostate gland enlargement.

GNA Axles' Q1FY19 net profit rose 26.4 percent at Rs 14 crore against Rs 11.1 crore in the same quarter last fiscal.

Shares of Sterlite Technologies fell 5.5 percent despite better numbers declared by the company in the quarter ended June 2018.

Indian rupee fell further in the afternoon trade as it crossed 69 per dollar mark, currently trading at 69.03.

The crucial resistance for Nifty spot is now seen at 11060 and above this 11185. Support for the immediate term is now placed at 10910 next support will be 10800.

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