Indices fell for the second consecutive day on July 30 with Nifty ended below 11,100 level on the back of selling in PSU banks, metal and auto.
At close, the Sensex was down 289.13 points at 37,397.24, while Nifty was down 103.80 points at 11,085.40. About 567 shares have advanced, 1907 shares declined, and 109 shares are unchanged.
Yes Bank, IndusInd Bank, Indiabulls Housing, Hero Motocorp and Sun Pharma were among major losers on the Nifty, while gainers were Bharti Airtel, TCS, HCL Tech, ITC and HUL.
Except IT, all other sectoral indices ended in the red led by PSU bank (down 4.9%), metal (down 3.3%), auto (down 2%), pharma (down 2.2%) followed by energy, FMCG and infra.
HEADLINES OF THE DAY
Kalpataru Power Q1: Net profit up 17.6% at Rs 100 crore versus Rs 85 crore, revenue up 33% at Rs 2,771 crore versus Rs 2,084 crore, YoY.
Solar Industries Q1: Net profit up 2.2% at Rs 71.1 crore against Rs 69.6 crore. Revenue up 0.9% at Rs 620 crore against Rs 614.7 crore, YoY.
Cholamandalam Investment Q1: Net profit rose 12.1% at Rs 315.2 crore against Rs 281.3 crore, NII up 16% at Rs 943 crore versus Rs 811 crore, YoY.
Indiabulls Housing Finance will issue an offer to all Debenture holder(s) for pre-mature redemption of the NCDs held by them at par. The process of offer and buyback / pre-mature redemption of these NCDs will be completed by August 14, 2019.
The crucial resistance for Nifty spot is now seen at 11200 and above this 11360 Support for the immediate term is now placed at 10960 next support will be 10880.
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