The market closed flat ahead of the key results to assembly elections. Investors had reacted positively to the exit polls in the morning session, but trimmed their gains through the day.
The Sensex was up 17.10 points at 28946.23, while the Nifty was up 7.55 points at 8934.55. The market breadth showed the needle being in favour of declines. About 1,168 shares advanced, 1,638 shares had declined, while 169 shares remained unchanged.
HEADLINES OF THE DAY
RBI allows FIIs to increase shareholding in Kotak Bank.
Canara Bank sells 13.45% stake in Can Fin Homes.
Alembic Pharma gains on completing successfully USFDA inspection.
The crucial resistance for Nifty spot is now seen at 8980 and above this 9020 Support for the immediate term is now placed at 8900 and next support will be 8865.