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Indian indices registered a sharp recovery on Tuesday after it slipped in the morning trade on the back of Indian Air Force (IAF) strike early morning in Pakistan occupied Kashmir (PoK).
The Sensex was down 239.67 points at 35973.71, while Nifty was down 44.80 points at 10835.30. About 930 shares have advanced, 1556 shares declined, and 144 shares are unchanged.
Top gainers include Zee Entertainment, Tata Motors, TCS, Coal India and IOC, while losers were Indiabulls Housing, HDFC, ICICI Bank, HCL Tech and Infosys.
Among the sectors, PSU bank, energy, infra, IT and FMCG witnessed selling pressure, while some buying was seen in the auto, metal and pharma space.
HEADLINES OF THE DAY
ICRA cuts rating on NCDs of Karur Vysya Bank to ICRA A (stable) from A+ (negative).
Kotak Mahindra Bank approved increase in ceiling limit on the total shareholding of Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) from the current limit of 43% to 45% with immediate effect.
Lupin launches Minocycline Hydrochloride ER tablets: Company announced the launch of Minocycline Hydrochloride Extended-Release Tablets USP 55mg, having received an approval from the United States Food and Drug Administration (FDA) earlier.
Bank of India approves to issue equity shares to government: Board of Directors at their meeting approved for issue of fresh equity shares to Government of India through preferential issue in respect of share application money of Rs 4638 crore received, after obtaining shareholders and other approvals.
The crucial resistance for Nifty spot is now seen at 10920 and above this 11120 Support for the immediate term is now placed at 10700 next support will be 10580.
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