Equity benchmarks cut losses in late trade on short covering, may be after SAT has stayed SEBI order on J Kumar Infra and Prakash Industries and hence the trading in those stocks will be resumed.
The 30-share BSE Sensex was down 266.51 points at 31,531.33 and 50-share NSE Nifty fell 87.80 points to 9,820.25.
About six shares declined for every share rising on the BSE.
HEADLINES OF THE DAY
Motherson Sumi Q1 profit below estimates.
Engineers India Q1FY18 net profit up 1.4%% (YoY).
Kajaria Ceramics Q1 net profit at Rs49 cr.
UPCOMING RESULT: ALKEM, ALBK, BANKBARODA, BPCL, CESC, CIPLA, GSPL, GGETANJALI, HINDALCO, JSWENERGY, MAXINDIA, ORIENTBANK, RAJESHEXPO, OIL, SBIN, REC, SUNTV, STAR, TVSMOTOR, UFLEX.
The crucial resistance for Nifty spot is now seen at 9860 and above this 9930.Support for the immediate term is now placed at 9775 and next support will be 9645.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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