Indian indices ended at day's low as selling pressure dragged Nifty below 11,600, while Sensex also fell nearly 500 points.
At close, the Sensex was down 495.10 points at 38,645.18, while Nifty was down 158.30 points at 11,594.50. About 747 shares have advanced, 1751 shares declined, and 166 shares are unchanged.
Indiabulls Housing, Yes Bank, BPCL, IndusInd Bank and IOC were top losers on the Nifty, while gainers were Bharti Airtel, Wipro, TCS, Tech Mahindra and Infosys.
Among the sectors except IT all other indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG.
HEADLINES OF THE DAY
Gruh Finance is going to consider fund raising and recommendation of dividend on April 30 with audited financial results of the company for the quarter and year ended March 31, 2019.
Mahindra Lifespace Developers Q4: Net profit was down 34.5 percent at Rs 31.3 crore, revenue was up 44.8 percent at Rs 234.3 crore and EBITDA slipped 64.4 percent at Rs 8.1 crore.
KPR Mill shares rallied nearly 5 percent on April 22 as board of directors will consider buy back of shares.
Goa Carbon Q4: Net loss at Rs 8.8 crore against profit of Rs 11.8 crore. Revenue fell 19.5% at Rs 129.3 crore, EBITDA loss at Rs 9 crore.
Results to be announced tomorrow :- ACC,ICICI SEC, IBREALEST , TATA GLOBAL .
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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