Benchmark indices recovered sharply from day's low in last hour of trade, backed by banks.
The 30-share BSE Sensex was down 21.04 points at 33,835.74 and the 50-share NSE Nifty declined down 16 points to 10,410.90.
SBI, Axis Bank, ICICI Bank, Yes bank, Tech Mahindra, Ambuja Cements and Bajaj Finance gained up to 3 percent.
HEADLINES OF THE DAY
Torrent Pharma may raise Rs1,500cr to acquire Sanofi’s generics business
RBI has approved the merger of Bharat Financial Inclusion and IndusInd Bank
India Feb WPI inflation at 2.48% vs 2.84% mom.
The crucial resistance for Nifty spot is now seen at 10520 and above this 10700. Support for the immediate term is now placed at 10300 next support will be 10170.
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