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Indian indices finished the day on negative note with Nifty ended above 11,900 level. At close, the Sensex was down 193.65 points at 39,756.81, while Nifty was down 59.40 points at 11,906.20. About 1022 shares have advanced, 1462 shares declined, and 164 shares are unchanged. Indiabulls Housing, Bharti Infratel, Yes Bank, Tech Mahindra and Maruti Suzuki were major losers on the Nifty, while gainers were Tata Steel, GAIL, ONGC, Vedanta and Britannia Industries. Among the sectors, except metal and FMCG all other indices ended lower led by pharma, auto, bank, energy and infra. HEADLINES OF THE DAY Indiabulls Housing Finance shares continued to be under pressure on June 12 as it fell nearly 10 percent intraday after the company moved the Supreme Court seeking urgent listing of a plea filed against it in which it has been alleged that the company misappropriated Rs 98,000 crore of public money. Shares of Reliance Capital tanked 6.76 percent and Reliance Home Finance fell 7.88 percent after their statutory auditor Price Waterhouse & Co Chartered Accountants LLP resigned. Shares of Tata Steel soared as much as 3 percent intraday despite the European Commission formally blocking the proposed European steel joint venture with ThyssenKrupp AG. DHFL gains 6%: Shares of Dewan Housing Finance Corporation rallied 6.6 percent after the company paid Rs 961 crore interest on non-convertible debentures (NCDs). Yes Bank declines 3%: Yes Bank shares dropped more than 3 percent after two directors decided to resign from their post in the current week. The crucial resistance for Nifty spot is now seen at 12040 and above this 12200 Support for the immediate term is now placed at 11760 next support will be 11640. |
Closing Bell: Sensex ends 193 pts lower, Nifty holds 11,900; Indiabulls Housing falls 7%.
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