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After hitting record highs in the previous session, the benchmark indices ended lower on May 4 on the back of profit booking.
At close, the Sensex was down 184.08 points at 40083.54, while Nifty was down 66.80 points at 12021.70. About 1108 shares have advanced, 1428 shares declined, and 175 shares are unchanged.
Zee Entertainment, Hero Motocorp, Asian Paints, HCL Tech and TCS were among major losers on the Nifty, while gainers were Yes Bank, Bharti Infratel, Axis Bank, NTPC and Vedanta.
Among sectors, IT and pharma fell more than 1 percent followed by auto, energy, FMCG, while buying seen in the metal and infra space.
HEADLINES OF THE DAY
At close, the Sensex was down 184.08 points at 40083.54, while Nifty was down 66.80 points at 12021.70. About 1108 shares have advanced, 1428 shares declined, and 175 shares are unchanged.
Zee Entertainment, Hero Motocorp, Asian Paints, HCL Tech and TCS were among major losers on the Nifty, while gainers were Yes Bank, Bharti Infratel, Axis Bank, NTPC and Vedanta.
Among sectors, IT and pharma fell more than 1 percent followed by auto, energy, FMCG, while buying seen in the metal and infra space.
HEADLINES OF THE DAY
Adani Port approves buyback: The company board has approved the proposal for the buy-back by the company of up to 3,92,00,000 equity shares from the equity shareholders of the company as on June 21, 2019 at a price of Rs 500 per equity share for an aggregate amount not exceeding Rs 1,960 crore .
Tata Elxsi certified Widevine partner:Tata Elxsi has expanded product offerings to include Google Widevine CAS solutions in cloud and on premise solutions.
Maruti Suzuki unveils Mobile NEXA terminal: Maruti Suzuki has launched one-of-its-kind mobile NEXA terminal, taking the NEXA experience to markets where it is currently not present. The NEXA terminal will reach out to prospective and existing customers throughout the country, giving them an opportunity to experience NEXA.
BHEL wins order: Shares of Bharat Heavy Electricals (BHEL) gained 2 percent intraday Tuesday after company received order from Indian Railways.
The crucial resistance for Nifty spot is now seen at 12200 and above this 12440 Support for the immediate term is now placed at 11800 next support will be 11620.
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