Benchmark
indices closed lower for the first time in last 10 consecutive sessions,
dragged by banks. However, the upside in ITC capped losses.
The
30-share BSE Sensex was down 63.38 points at 34,331.68 and the 50-share NSE
Nifty fell 22.50 points to 10,526.20.
ITC and
Wipro were biggest gainers.
Axis
Bank, Tech Mahindra, Lupin, M&M, Titan Company and IndusInd Bank were down
between 1 percent and 2.5 percent.
Godrej
Consumer Products, Godrej Industries, Bombay Burmah, Kaya, Jaiprakash
Associates, Parag Milk Foods, Mishra Dhatu, Delta Corp, Dabur India, V-Guard
Industries, Indian Hotels, EIH Associated Hotels and Amara Raja Batteries
gained up to 9 percent.
Kamat
Hotels, Jet Airways, Andhra Bank, Bank of Baroda, Jaypee Infratech, Bhushan
Steel, OBC, Balrampur Chini, Alok Industries fell up to 5 percent.
HEADLINES OF THE DAY
Vedanta to acquire 90%
stake in Electrosteel Steels
Glenmark receives approval
for gProtopic
Marico to acquire 22.5%
stake in Revofit, a fitness app
The crucial resistance for
Nifty spot is now seen at 10590 and above this 10645. Support for the immediate
term is now placed at 10450 next support will be 10300.
Get more details here:-
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
