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Indian indices witnessed sharp fall on June 17 on the back of trade war fears which pulled the Sensex below 39,000 and Nifty below 11,700 level.
At close, the Sensex was down 491.28 points at 38,960.79, while Nifty was down 148.40 points at 11,674.90. About 685 shares have advanced, 1847 shares declined, and 126 shares are unchanged.
Tata Steel, JSW Steel, ONGC, Indiabulls Housing and Tata Motors were among major losers on the Nifty, while gainers were Yes Bank, Zee Entertainment, Coal India and Wipro.
All the sectoral indices ended lower led by metal, energy, bank, auto, pharma, infra and FMCG.
At close, the Sensex was down 491.28 points at 38,960.79, while Nifty was down 148.40 points at 11,674.90. About 685 shares have advanced, 1847 shares declined, and 126 shares are unchanged.
Tata Steel, JSW Steel, ONGC, Indiabulls Housing and Tata Motors were among major losers on the Nifty, while gainers were Yes Bank, Zee Entertainment, Coal India and Wipro.
All the sectoral indices ended lower led by metal, energy, bank, auto, pharma, infra and FMCG.
HEADLINES OF THE DAY
The Sensex is down 491.42 points or 1.25% at 38,960.65, and the Nifty down 152.30 points or 1.29% at 11,671.00. About 602 shares have advanced, 1830 shares declined, and 118 shares are unchanged.
Vodafone Idea shares dropped 3.8 percent and Bharti Airtel 2.6 percent on June 17 after DCC's approval to penalty imposed by telecom regulator in the Reliance Jio case.
Cadila Healthcare gets EIR from USFDA: The company's formulations manufacturing facility located at SEZ, Ahmedabad has received an establishment inspection report (EIR).
Reliance Capital shares fell 10 percent on June 17 despite company selling stake in asset management company.
Berger Paints' independent director Dhirendra Swarup resigned w.e.f. Jun 13, 2019.
Divis Laboratories rises 3%: Divis Laboratories shares climbed 3.6 percent on June 17 after the US health regulator concluded inspection of Andhra Pradesh unit with zero observation.
The crucial resistance for Nifty spot is now seen at 11800 and above this 11920 Support for the immediate term is now placed at 11460 next support will be 11200.
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