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Benchmark indices ended lower on volatile day with Nifty fell to hold 11,750 level.
At close, the Sensex was down 50.12 points at 38981.43, while Nifty was down 23.40 points at 11724.80. About 1053 shares have advanced, 1442 shares declined, and 163 shares are unchanged.
Yes Bank, Bharti Infratel, Power Grid Corp, HDFC Bank and Hero Motocorp were the top gainers on the Nifty, while losers were Britannia Industries, Zee Entertainment, Tata Motors, ICICI Bank and IndusInd Bank.
Among the sectors, except infra all other indices ended in red led by IT, pharma, FMCG, auto and bank.
HEADLINES OF THE DAY
Share price of Hindustan Zinc declined 2 percent after company net profit fell 19.7% at Rs 2,012 crore, while revenue down 12.5% at Rs 5,491 crore.
Kansai Nerolac Q4: Net profit down 12.3% at Rs 93 crore versus Rs 106 crore, revenue up 4.5% at Rs 1,153 crore versus Rs 1,103 crore, YoY.
MRF Q4 results: Net profit down 14.8% at Rs 293 crore versus Rs 345 crore, revenue up 6.2% at Rs 4,073.5 crore against Rs 3,836 crore, YoY.
Shares of Greaves Cotton rose 4 percent after company board approves buyback of its equity shares for an aggregate amount not exceeding Rs 240 crore
Dabur India Q4 results: The company has reported 6.5 percent fall in its fourth quarter consolidated net profit at Rs 370.4 crore on the back of of Rs 75.3-crore write-off of goodwill for Turkey business.
RESULTS TO BE ANNOUNCED TOMORROW :- BIRLA CORP , HUL , TATA CHEM.
The crucial resistance for Nifty spot is now seen at 10860 and above this 10980 Support for the immediate term is now placed at 10620 next support will be 10400.
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