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Benchmark indices ended lower but off day's low on Monday amid fresh trade worries between US-China.
The Sensex was down 362.92 points at 38600.34, while Nifty was down 114 points at 11598.30. About 887 shares have advanced, 1581 shares declined, and 166 shares are unchanged.
Zee Entertainment, Titan Company, Yes Bank, Tata Motors and JSW Steel were among major losers on the indices, while gainers were BPCL, TCS, ITC, Bajaj Finserv and Bharti Airtel.
Except IT, all other sectoral indices ended in red led by metal, infra, bank, auto, pharma and FMCG.
HEADLINES OF THE DAY
Strides Pharma: The Company has received a communication from the USFDA classifying the facility as Official Action Initiated (OAI) based on the inspection conducted from January 25 to February 5, 2019.
Aditya Birla Capital Limited will raise Rs 3,500 Crore by way of issuance of equity shares and equity linked instruments. The stock is up about one percent.
India VIX, the measure of volatility, has surged 7% intraday to 25.7.
Dr Reddy's Laboratories has launched Testosterone Gel, 1.62 percent (20.25 mg/1.25 g pump actuation) in the US market.
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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