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Benchmark indices finished near day's low on Wednesday amid weak global cues.
The Sensex has closed below 38,000, while Nifty also break below 11,350 during intraday.
At close, the Sensex was down 487.50 points at 37789.13, while Nifty was down 138.40 points at 11359.50. About 685 shares have advanced, 1778 shares declined, and 148 shares are unchanged.
Zee Entertainment, Bajaj Finance, Reliance Industries, Tata Motors and Bajaj Finserv were among major losers on the Nifty, while gainers were UPL, JSW Steel, Titan Company, BPCL and Coal India.
All sectoral indices ended in red led by energy, pharma, auto, bank, infra, FMCG, metal and IT. Midcap and smallcap index shed 1 percent each.
HEADLINES OF THE DAY
Alembic Pharma Q4: Consolidated net profit up 32.2% at Rs 124 crore against Rs 94 crore, revenue up 8.6% at Rs 927 crore against Rs 853.3 crore, YoY.
Chennai Petroleum Corporation Q4: consolidated net loss at Rs 25 crore versus loss of Rs 363 crore, revenue up at Rs 9,957 crore versus Rs 9,866 crore, QoQ.
MAS Financial Q4: Net profit up 27.7% at Rs 41.6 crore against Rs 32.6 crore, revenue up 30.9% at Rs 165 crore against Rs 126 crore, YoY
India VIX, the measure of volatility, has fallen 0.3 percent intraday to 26.04.
RESULTS TO BE ANNOUNCED TOMORROW :- APOLLO TYRE , ASIAN PAINTS , VOLTAS.
The crucial resistance for Nifty spot is now seen at 10480 and above this 10620 Support for the immediate term is now placed at 10200 next support will be 10080.
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