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The market close the volatile day on the negative side but off day's low after cabinet announcement under Modi 2.0.
At close, the Sensex was down 117.77 points at 39,714.20, while Nifty was down 23.10 points at 11,922.80. About 1020 shares have advanced, 1534 shares declined, and 155 shares are unchanged.
Yes Bank, ITC, Grasim Industries, Vedanta and Zee Entertainment were the top losers on the Nifty, while gainers were Tech Mahindra, Asian Paints, TCS, IOC and Britannia Industries.
Among sectors, PSU bank, metal, auto, infra and pharma witnessed selling pressure, while buying saw in the energy and IT space.
HEADLINES OF THE DAY
Crude update: Oil prices fell by more than 1% on Friday and were on track for their biggest monthly fall since November as trade conflicts spread and U.S. crude output returned to record levels.
Share price of P C Jeweller shed nearly 9 percent after company posted net loss in the quarter ended March 2019.
ONGC trades lower: Global brokerage firms remained positive on state-owned oil & gas exploration company ONGC despite a weak Q4 show, with CLSA expecting a big re-rating on the stock.
Glenmark Pharma fell 3%: Shares price of Glenmark Pharma fell 3 percent as global brokerage house CLSA downgraded the stock after March quarter earnings missed analyst estimates.
The crucial resistance for Nifty spot is now seen at 12080 and above this 12200 Support for the immediate term is now placed at 11800 next support will be 11640.
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