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Sensex ends over 200 points lower, Nifty gives up 10,950; Tata Steel down 7%

Sharp selloff in the last hour dragged equity benchmarks lower on Monday, with the Nifty ending below 10,950.

The Sensex ended over 200 points lower.

The Sensex was down 217.86 points or 0.60% at 36323.77, while the Nifty was down 82.00 points or 0.74% at 10936.90.

The market breadth is negative as 554 shares advanced, against a decline of 2,042 shares, while 178 shares were unchanged.

Infosys, NTPC, and Tech Mahindra are the top gainers, while Tata Steel, Sun Pharma, and Dr Reddy’s Laboratories have lost the most.


Results to be announced tomorrow :- Muthoot Cap, Tata Sponge, Vantage Corp, Zee Entertain, Rallis India, Jindal Stainles, Integrated Cap, Indian Metals, ICICI Lombard, Hindustan Media, Goa Carbon, Federal Bank, CRISIL, Ashok Leyland AND 8K Miles Soft.

Jet Airways hits 52-week low

LIC Board nod to IDBI Bank buy: The Board of Life Insurance Corporation of India (LIC) has approved the acquisition of majority stake in IDBI Bank.

The crucial resistance for Nifty spot is now seen at 11020 and above this 11060. Support for the immediate term is now placed at 10915 next support will be 10800.

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