Equity benchmarks extended losses for second day Wednesday, with the Nifty closing below 9650 on profit booking and weakness in global peers. Investors remained cautious ahead of GST rollout from July 1.
The 30-share BSE Sensex fell 13.89 points at 31,283.64 and the 50-shrae NSE Nifty slipped 19.90 points to 9,633.60.
The broader markets outperformed benchmarks despite negative breadth, closing flat with a positive bias. About 1,366 shares declined against 1,263 advancing shares on the exchange.
HEADLINES OF THE DAY
Alembic Pharma gets USFDA nod for Candesartan Cilexetil Tablets.
ABB in talks to buy out L&T's electrical business.
Petronet LNG in talks to buy stake in GSPC.
The crucial resistance for Nifty spot is now seen at 9710 and above this 9750.Support for the immediate term is now placed at 9590 and next support will be 9500.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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