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It is another weak closing for the Indian stock market as benchmark indices finished lower for seventh straight day. Nifty broke the 11,300 level during intraday and touched a low of 11,255.05.
At close, the Sensex was down 230.22 points at 37558.91, while Nifty was down 57.70 points at 11301.80. About 1074 shares have advanced, 1370 shares declined, and 150 shares are unchanged.
Top losers on the Nifty were Reliance Industries, BPCL, Coal India, Asian Paints and NTPC, while gainers include Zee Entertainment, Yes Bank, Bajaj Finserv, Bajaj Finance and Hero Motocorp.
Among sectoral indices metal, infra, energy, pharma and bank ended in red, while some buying seen in the IT and FMCG.
HEADLINES OF THE DAY
JSW Steel April production: April crude steel production up 2% at 13.93 lakh tonnes against 13.61 lakh tonnes. Rolled products (Flat) production down 1 percent at 9.53 lakh tonnes versus 9.67 lakh tonnes, while Rolled products (Long) production up 4 percent at 3.36 lakh tonnes versus 3.24 lakh tonnes.
Asian Paints Q4: Consolidated net profit at Rs 487 crore versus Rs 496 crore, revenue up 11.7% at Rs 5,018 crore versus Rs 4,492 crore.
Hindustan Media Ventures Q4: Net profit falls 59% at Rs 16.5 crore versus Rs 40.3 crore, revenue up 5.3% at Rs 213 crore versus Rs 202 crore, YoY.
Maruti Suzuki April production: Company's April production was down 9.6% at 147,669 units against 163,368 units, YoY.
RESULTS TO BE ANNOUNCED TOMORROW :- CANARA BANK , EICHER MOT , KAJARIA CER , L&T , PVR , SBI.
The crucial resistance for Nifty spot is now seen at 11480 and above this 11600 Support for the immediate term is now placed at 11200 next support will be 11090.
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