Last-hour selling drags Sensex lower by 345 points, Nifty ends below 10,500

Capitalstars Financial Research Pvt. Ltd.

The market ended on the negative note on Monday with Nifty slipped below 10,500 level
Midcap and smallcap has performed in line with the major indices. Among the sector, automobiles, PSU bank were down more than 2 percent, while metal, pharma, infra and energy stocks were among the major losers.

HPCL, Tata Motors, IOC, Bajaj Finance and Hindalco Industries lost the most.
The Sensex ended down 345.56 points at 34,812.99, while Nifty was down 103 points at 10482.20. About 1068 shares have advanced, 1527 shares declined, and 154 shares are unchanged.

HEADLINES OF THE DAY

Generic facility of Biocon in Bengaluru completes USFDA inspection
Wockhardt gains ~8% post Q2FY19 numbers
Tata Motors slips 4% after weak JLR sales figure

The crucial resistance for Nifty spot is now seen at 10700 and above this 10830 Support for the immediate term is now placed at 10440 next support will be 10300.

RESULTS TOMORROW:  ASHOKLEY, ENGINERSIN, GRASIM, GLENMARK, JINDALSTEL, SUNPHARMA, TATASTEEL, UNITEDBANK, NMDC


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