Benchmark indices ended near day's low after Skymet predicts below normal monsoon due to developing El Nino.
Sensex and Nifty touched record high in the early trade today.
At close, the Sensex was down 179.53 points at 38877.12, while Nifty was down 69.20 points at 11,644. About 998 shares have advanced, 1574 shares declined, and 157 shares are unchanged
BPCL, Zee Entertainment, IOC, SBI and GAIL were the top losers on the Nifty, while gainers were Indiabulls Housing, Maruti Suzuki, Bajaj Finserv, HCL Tech and JSW Steel.
All the sectoral indices ended in red led by PSU bank (down 2.5 percent) followed by pharma, infra, energy, IT, metal, auto and FMCG.
HEADLINES OF THE DAY
Shares of oil marketing companies slipped 2-4 percent on April 3 as Brent crude oil price inching towards USD 70 per barrel mark.
Cadila Health gets 1 observation from USFDA: USFDA inspected the company formulations manufacturing facility located at Pharmez, Ahmedabad from March 25 to April 2, 2019. The inspection which included product specific pre-approval and post-approval inspections and a GMP Inspection, concluded with one observation.
Motilal Oswal has downgraded Reliance Industries to neutral due to a limited upside in the stock. It has set Rs 1,457 as the target.
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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