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It is weak closing for the benchmark indices on Wednesday after market erased all its morning gains in the later part of the day.
The Sensex was down 100.53 points at 38,132.88, while Nifty was down 38.30 points at 11,445. About 1189 shares have advanced, 1524 shares declined, and 152 shares are unchanged.
NTPC, HPCL, Tata Motors, Bharti Airtel and Eicher Motors were the top losers on the Nifty, while gainers include Yes Bank, IndusInd Bank, Indiabulls Housing, JSW Steel and SBI.
Among the sectors, energy, auto, FMCG, infra, IT, metal and pharma remained under pressure, while some buying seen in the banking stock, with Nifty Bank ended above 30,000 level.
HEADLINES OF THE DAY
Lupin receives USFDA approval: The company has received approval for its Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, from the United States Food and Drug Administration (FDA) to market a generic version of Eli Lilly and Company Cialis Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg.
Vedanta notifies gas discovery: Vedanta has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India.
Maruti Suzuki board approved reappointment of Kenichi Ayukawa as managing director and CEO of the company for a period of 3 years w.e.f. April 1, 2019.
The crucial resistance for Nifty spot is now seen at 10620 and above this 10800 Support for the immediate term is now placed at 11200 next support will be 10980.
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