Sensex ends 145 pts lower, Nifty manages to hold 10,600; IT stocks drag.

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Bears dragged the Nifty below 10,600 during last hour trading but managed to close just above the 10,600 level.
At the end, Sensex was down 145.83 points at 35352.61, while Nifty was down 36.60 points at 10604.40. About 1360 shares have advanced, 1169 shares declined, and 122 shares are unchanged.
Wipro, TCS, IndusInd Bank, NTPC and Infosys were the top losers on the Nifty while top gainers include Vedanta, Grasim Industries, BPCL, Zee Entertainment, and JSW Steel.
IT space was a major drag among the sectors followed by pharma and energy, while buying was seen in FMCG, metal and PSU bank index.

HEADLINES OF THE DAY
TCS partners Nanoheal: Tata Consultancy Services announced a partnership with Nanoheal, a predictive workspace automation platform provider, to offer enterprises cognitive, self-healing end-user device management solutions.
Jubilant Food promoter releases pledge on 9.5 lakh shares (0.7% equity) on February 15.
Divi's Labs to exchanges: Officials of Income-Tax Department conducted search at the Company's Head Office, Research Centre and Manufacturing sites from 14th February 2019 to 18th February 2019 under Section 132 of the Income-Tax Act.


The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.

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