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Sharp selling in the last hour dragged indices by around a percent. The Sensex shed over 300 points, while the Nifty fell below 10,850-mark.
Automobiles, banks, consumption, infra and IT, among others, were the sectoral indices which ended in the red, while metals and pharma were the sole gainers.
At the close of market hours, the Sensex was down 336.17 points or 0.92% at 36108.47, and the Nifty down 91.30 points or 0.84% at 10831.50. The market breadth was negative as 1069 shares advanced, against a decline of 1,453 shares, while 138 shares were unchanged.
Sun Pharma and Yes Bank were the top gainers, while ITC, M&M and Grasim lost the most.
HEADLINES OF THE DAY
Rupee Update: The Indian rupee has fallen 15 paise intraday or 0.22% against the US dollar. The currency opened at 71.09 in the morning and is currently trading at 71.28 again the US dollar.
Diversified Raymond Group reported an increase of 30 percent in consolidated net profit at Rs 39.95 crore for the third quarter ended December 2018.
ITC stock price has fallen about 2.5% after it reported its Q3 result.
ITC Q3 profit up 4%, margin misses estimates
Cigarette-hotel-to-FMCG major ITC has reported a 4 percent on year growth in profit at Rs 3,209 crore, which was on expected lines but margin missed estimates. Profit in the corresponding quarter of last fiscal stood at Rs 3,090 crore, which included exceptional gain of Rs 413 crore.
The crucial resistance for Nifty spot is now seen at 10940 and above this 11120 Support for the immediate term is now placed at 10770 next support will be 10690.
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