Market close: Benchmark indices finished near day's low on Wednesday amid weak global cues.
The Sensex has closed below 38,000, while Nifty also break below 11,350 during intraday.
At close, the Sensex was down 487.50 points at 37789.13, while Nifty was down 138.40 points at 11359.50. About 685 shares have advanced, 1778 shares declined, and 148 shares are unchanged.
Zee Entertainment, Bajaj Finance, Reliance Industries, Tata Motors and Bajaj Finserv were among major losers on the Nifty, while gainers were UPL, JSW Steel, Titan Company, BPCL and Coal India.
All sectoral indices ended in red led by energy, pharma, auto, bank, infra, FMCG, metal and IT. Midcap and smallcap index shed 1 percent each.
Alembic Pharma Q4: Consolidated net profit up 32.2% at Rs 124 crore against Rs 94 crore, revenue up 8.6% at Rs 927 crore against Rs 853.3 crore, YoY.
Chennai Petroleum Corporation Q4: consolidated net loss at Rs 25 crore versus loss of Rs 363 crore, revenue up at Rs 9,957 crore versus Rs 9,866 crore, QoQ.
Dhanlaxmi Bank reports profit in Q4FY19: Dhanlaxmi Bank has reported net profit of Rs 27.6 crore in in the fourth quarter ended March 2019 (Q4FY19). It had reported a loss of Rs 17.2 crore in a year ago period.
MAS Financial Q4: Net profit up 27.7% at Rs 41.6 crore against Rs 32.6 crore, revenue up 30.9% at Rs 165 crore against Rs 126 crore, YoY
Market Check: Benchmark indices are trading lower buy off day's low with Nifty above 11,400 level.
UPL, JSW Steel, Coal India, BPCL and Power Grid Corp ae the top gainers on the Nifty, while Vedanta, Reliance Industries, Tata Motors, Sun Pharma and Yes Bank are among major losers.
Shares of Reliance Industries touched over 6-week low and shares of Bajaj Finserv also at 4-week low.
Srikalahasthi Pipes Q4: Net profit up 4.4% at Rs 35.8 crore against Rs 34.3 crore, revenue up 12.7% at Rs 408.7 crore versus Rs 362.5 crore, YoY.
Eros International Media's promoter has created pledge on 27.5 lakh shares from May 3-6, reported CNBC-TV18.
India VIX, the measure of volatility, has fallen 0.3 percent intraday to 26.04.
NBCC (India) Limited has secured total orders of Rs 361.91 crore in April 2019.
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