Benchmark indices closed lower on Wednesday despite positive global cues, weighed by auto, pharma, infra and metals stocks. The 30-share BSE was down 183.75 points at 28155.56 and the 50-share NSE Nifty fell 67.60 points to 8724.70.
About three shares declined for every share rising on the BSE.
Tata Motors plunged 10 percent and Sun Pharma was down 4 percent after earnings missed analysts' estimates. ICICI Bank, L&T, Adani Ports and Maruti Suzuki fell 1-2 percent while ITC, HDFC Bank, TCS, Reliance Industries and HDFC gained.
HEADLINES OF THE DAY
HCL Tech to set up operations in AP with Rs500 cr investment.
Tata Motors skids as Q3 nos come significantly below estimates.
Voltas Q3 consolidated net profit up 42% (YoY).
UPCOMING RESULT: AMBUJACEM (20FEB), CASTROLIND (21 FEB), KSB PUMP, VARUN EVERAGES
The crucial resistance for Nifty spot is now seen at 8790 and above this 8845 Support for the immediate term is now placed at 8685 and next support will be 8620.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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