Closing Bell: Nifty closes below 11,600, Sensex falls 353 pts; Tata Motors gains 4%

: Benchmark indices ended near day's low on April 10 with Nifty finished below 11,600 level.

At close, the Sensex was down 353.87 points at 38585.35, and the Nifty was down 88.40 points at 11,583.60. About 1134 shares have advanced, 1369 shares declined, and 173 shares are unchanged.

Bharti Airtel, Asian Paints, Hindalco Industries, TCS and UPL were the top losers, while Tata Motors, Wipro, Cipla, HUL and Adani Ports were among major gainers on the Nifty.

Except auto and pharma, all other sectoral indices ended in red led by bank, metal, IT, infra, energy and FMCG.

Shares of DLF toppled nearly 4 percent after the investment arm of the Singapore government sold its stake in the company worth Rs 1,300 crore through an open market transaction on April 8.

The company decided to sell 1,69,38,599 equity shares of Rs 10 each held in Bhilwara Energy an associate company of RSWM at a cash consideration of Rs 84.85 crores to HEG Limited on the basis of valuation of fair price per share on arm's length basis.

The Tata Motors Group global wholesales in March 2019, including Jaguar Land Rover, were at 1,45,459 nos., lower by 5 percent, as compared to March 2018.

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NHPC restored each units of Parbati-III power station (4X130 MW) in Himachal Pradesh

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The company has received new domestic orders from oil & gas sector of approximately Rs 78 crore for supply of CS Coated Pipes to be completed between July, 2019 to March, 2020 and 2 orders aggregating to approximately Rs 78 crore for supply of stainless steel tubes / pipes to be completed by October, 2019.

The benchmark indices are trading lower in the afternoon trade on Wednesday.

the Sensex is down 213.80 points or 0.55% at 38725.42, and the Nifty down 54.50 points or 0.47% at 11617.50.