Equity benchmarks closed lower, but not before recovering from the day’s low points.
The Sensex closed 33.29 points lower at 29485.45, while the Nifty ended 5.35 points down at 9121.50. The market breadth was narrow, but also recovered. About 1,094 shares advanced against a decline of 1,692 shares, while 188 shares are unchanged.
Dr Reddy’s Laboratories, Axis Bank and Idea Cellular were top losers on both the indices, while ITC, ONGC and Grasim were the top gainers.
Divi’s Laboratories was in focus after the stock plummeted over 20 percent intraday on receipt of an import alert from the US Food and Drug Administration (FDA). At the close of market hours, the stock was quoting at Rs 630.90, down 20.21 percent on the BSE. It touched a 52-week low of Rs 628.45.
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