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The Indian indices wiped out most of its previous session gains and ended on weak note with Nifty finished below 11,750 level.
At close, the Sensex was down 407.14 points at 39,194.49, while Nifty was down 107.70 points at 11,724.10. About 1157 shares have advanced, 1292 shares declined, and 167 shares are unchanged.
Yes Bank, Maruti Suzuki, HDFC, Coal India and hero Motocorp were among major losers on the Nifty, while gainers were Tech Mahindra, UPL, Indiabulls Housing, Hindalco Industries and SBI.
Except PSU Bank all other sectoral indices ended lower led by the auto, pharma, energy, metal, IT, infra and FMCG.
HEADLINES OF THE DAY
At close, the Sensex was down 407.14 points at 39,194.49, while Nifty was down 107.70 points at 11,724.10. About 1157 shares have advanced, 1292 shares declined, and 167 shares are unchanged.
Yes Bank, Maruti Suzuki, HDFC, Coal India and hero Motocorp were among major losers on the Nifty, while gainers were Tech Mahindra, UPL, Indiabulls Housing, Hindalco Industries and SBI.
Except PSU Bank all other sectoral indices ended lower led by the auto, pharma, energy, metal, IT, infra and FMCG.
HEADLINES OF THE DAY
Maruti Suzuki signs MoU with Bank of Baroda:
Maruti Suzuki India announced signing of preferred financier MoU (Memorandum of Understanding) agreement with Bank of Baroda.
UPL Jumps 4% :- Shares of agrochemical company UPL (erstwhile United Phosphorous) rebounded 5 percent intraday after falling more than 8 percent in previous session, as Deutsche Bank maintained buy call on the stock with a target price at Rs 1,050, implying 21 percent potential upside from current levels.
Shares of aviation companies Interglobe Aviation and SpiceJet declined 3 percent and 5 percent respectively, on June 21 after a sharp surge in crude oil prices.
Share of Pidilite Industries fell more than 3 percent on June 21 after broking house CLSA has maintained sell call on the stock with a target price of Rs 1,060 per share.
Shares of Aurobindo Pharma fell sharply 7.7 percent on June 21 on receiving warning letter from the US health regulator for Srikakulam unit.
The crucial resistance for Nifty spot is now seen at 11840 and above this 11960 Support for the immediate term is now placed at 11560 next support will be 11420.
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