After trading through the session on a weak note, the market staged a mild recovery in the final hour, as indices trimmed some of their losses.
The Sensex was down 68.71 points or 0.19% at 35965.02, while the Nifty was down 22.00 points or 0.20% at 11027.70. The market breadth was negative as 1084 shares have advanced, 1729 shares declined, and 236 shares are unchanged.
Kotak Mahindra Bank, Reliance, and Bharti Infratel gained the most on both indices, while Tata Steel and Dr Reddy’s Laboratories were the top losers.
HEADLINES OF THE DAY
SBI hikes bulk deposit rates by 50-140 basis points
BEL approves buy-back of 2.04cr equity shares at Rs182.50 per share
Workers at Bajaj Auto plants go on indefinite hunger strike, stock opens weak
The crucial resistance for Nifty spot is now seen at 11160 and above this 11200. Support for the immediate term is now placed at 11000 next support will be 10890.
RESULT TOMORROW: ASHOKLEY, BAJAJFINSV, CEAT, CUMMINS, MRF, POWERGRID, TITAN.
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