Sensex ends 169 pts lower, Nifty below 10,800; Zee Ent plunges 30%.



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Indian indices erased all its morning gains and ended lower on Friday with Nifty finished below 10,800 level.
At the close, the Sensex was down 169.56 points at 36,025.54, while Nifty was down 69.30 points at 10, 780.50. About 692 shares have advanced, 1829 shares declined, and 150 shares are unchanged. 
Bharti Infratel, HCL Tech, Bharti Airtel, Cipla and Yes Bank were the top gainers on the Nifty, while Zee Entertainment, Maruti Suzuki, UltraTech Cement, Hero Motocorp and Indiabulls Housing were the top losers on the Nifty.
Among the sectors, auto index slipped over 3 percent followed by bank, FMCG, infra and metal index. BSE midcap and smallcap stocks also finished lower with more than 1 percent cut.


HEADLINES OF THE DAY

Indian Bank Q3: Net profit down 49.7 percent at Rs 152.3 crore versus Rs 303.1 crore, NII up 5.8 percent at Rs 1,716.7 crore versus Rs 1,622.7 crore, YoY.
DLF plunged 18%: CBI visited company's major�s offices in Delhi-NCR in connection to a land acquisition matter.
DHFL Q3 result: Net profit down 36.7% at Rs 313.6 crore, revenue up 12% at Rs 3,250 crore.
Maruti Suzuki Q3 result: Net profit was down 17 percent at Rs 1489.3 crore against profit of Rs 1,799 crore.
MRF signs MoU with Tamil Nadu govt: The company has signed a Memorandum of Understanding with Government of Tamil Nadu in connection with Global Investors Meet [GIM], expressing its in-principle intention to invest a sum of Rs 3100 crore, over a ten year period, in a phased manner, in its existing locations at Perambalur, Arkonam and Tiruvottiyur, Chennai (within the State of Tamil Nadu) for manufacture of automotive tyres, tubes and flaps.


The crucial resistance for Nifty spot is now seen at 10860 and above this 10980 Support for the immediate term is now placed at 10690 next support will be 10530.

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