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Benchmark indices slipped 1 percent but off day's low with Nifty finished below 10,700 level, while Sensex closed 368 points lower.
The Sensex was down 368.84 points at 35656.70, while Nifty was down 119 points at 10661.50. About 618 shares have advanced, 1933 shares declined, and 133 shares are unchanged.
Zee Entertainment, Bharti Infratel, TCS, Coal India and L&T are the top gainers on the Nifty, while Adani Ports, Indiabulls Housing, Yes Bank, Bajaj Finance and Bajaj Finserv are among major loser on the Nifty.
Among the sectors pharma index lost 2.5 percent, while metal, auto, bank, energy, FMCG and Infra lost 1 percent each. Meanwhile, IT index has provided some support as it gained 0.5 percent.
BSE midcap and smallcap index lost nearly 2 percent each.
HEADLINES OF THE DAY
Zensar Technologies Q3 result: Net profit was up at Rs 12.1 crore against Rs 0.3 crore. Revenue at Rs 34 crore versus Rs 8.9 crore, YoY.
Audit of Dr Reddy's API manufacturing plant at Miryalaguda (Nalgonda District), by the USFDA, has been completed and issued a Form 483 with one observation.
Wockhardt Q3 result: Consolidated net loss at Rs 71.1 crore against loss of Rs 40.8 crore. Revenue up 4% at Rs 1,046 crore versus Rs 1,005.3 crore, YoY.
RBL Bank Q3 result: Net profit up 36% at Rs 225.2 crore, NII up 40% at Rs 655.1 crore. Gross NPA at Rs 695.5 crore and net NPA at Rs 358.2 crore.
Canara Bank Q3 result: Net profit at Rs 317.5 crore, gross NPA at 10.25 percent, net NPA at 6.37 percent.
Edelweiss Financial Services shares fell over 6 percent intraday after global brokerage house Credit Suisse downgraded the stock to neutral from outperform, citing higher provisioning cover.
The crucial resistance for Nifty spot is now seen at 10800 and above this 10940 Support for the immediate term is now placed at 10530 next support will be 10450.
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