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At close, the Sensex was down 247.68 points at 39,502.05, while Nifty was down 67.70 points at 11,861.10. About 1051 shares have advanced, 1493 shares declined, and 156 shares are unchanged.
JSW Steel, SBI, Tata Steel, Cipla and Zee Entertainment were major losers on the Nifty, while gainers were Sun Pharma, Bharti Infratel, TCS, GAIL and HCL Tech.
Among the sectors, except IT all other indices are trading in the red led by PSU Bank, infra, auto, metal, energy, FMCG and pharma.
HEADLINES OF THE DAY
TCS and Scandinavian Airlines sign new partnership: Tata Consultancy Services has signed a new strategic partnership with Scandinavia's leading airline, SAS, the flag-carrier of Sweden, Norway and Denmark.
Adani Enterprises Q4 result: Consolidated net profit rose 50.5% at Rs 283.4 crore against Rs 188.3 crore, revenue up 35.5% at Rs 13,236 crore against Rs 9,767 crore, YoY.
V-Guard Industries gains post Q4 numbers: Shares of V-Guard Industries is trading higher after company reported Q4 net profit at Rs 59.2 crore against Rs 27.6 crore. Revenue was up 12.3% at Rs 742 crore versus Rs 661 crore, YoY.
Cadila Healthcare rises 4% post Q4 nos: Consolidated net profit was down 22.1% at Rs 460 crore, revenue was up 15.3% at Rs 3,771.2 crore. Operating profit or EBITDA down 6.4% at Rs 800.6 crore, margin was at 21.5 percent.
The crucial resistance for Nifty spot is now seen at 11960 and above this 12060 Support for the immediate term is now placed at 11600 next support will be 11480.
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