Closing Bell: Nifty ends below 11,500, Sensex falls 222 points; auto stocks slip

: Benchmark indices ended lower but off day's low on Friday with Nifty finished below 11,500 level.

At close, the Sensex was down 222.14 points at 38164.61, while Nifty was down 64.10 points at 11456.90. About 1009 shares have advanced, 1665 shares declined, and 143 shares are unchanged.

NTPC, L&T, Asian Paints, JSW Steel and Hindalco Industries were top gainers on the Nifty, while losers were Bharti Infratel, BPCL, Tata Motors, HPCL and Reliance Industries.

Except infra all other sectoral indices ended in red led by Nifty PSU bank, auto, energy, pharma, metal and IT. BSE Midcap fell 0.60 percent, while Smallcap index fell 0.40 percent.

: The company has entered into share purchase agreements for disposing its entire shareholding in Benani Foods, subsidiary of the company.

The bank launched a issuance of 5 year Senior Unsecured Bonds (Medium Term Notes) to the extent of USD 400 million under Medium Term Note (MTN) Programme, through its London branch. It is priced at 5 year US Treasury plus 170 bps carrying a coupon of 3.875% fixed payable half yearly.

The USFDA inspected the pharmaceutical technology centre (PTC), at Ahmedabad, dedicated to new product development of various niche dosage forms including solid oral, parenteral, pulmonary, oncology, ointment & creams and transdermal, from March 18 to 22, 2019.

At the end of the inspection, no observations (483) have been issued.

Fitch cuts India GDP growth forecast for FY20 to 6.8%

"While we have cut our growth forecasts for the next fiscal year (FY20, ending in March 2020) on weaker-than-expected momentum, we still see Indian GDP growth to hold up reasonably well, at 6.8 per cent, followed by 7.1 per cent in FY21," Fitch said in its Global Economic Outlook.... Read More

Company's subsidiary in Singapore has won a prestigious project, in banking and fintech space, from one of the largest banks in Singapore, having significant operations in Southeast Asia including in key markets of Malaysia and China.

The benchmark indices are erased all its gains and trading at day's low point with Nifty around 11,450 level.

The Sensex is down 254.13 points at 38132.62, while Nifty is down 75.60 points at 11445.40. About 928 shares have advanced, 1551 shares declined, and 135 shares are unchanged.

Don't look at mid/smallcap funds, go for a multi-cap portfolio: Jinesh Gopani

Given the uncertainty in the markets, Jinesh Gopani continues to advise investors to invest in multi-cap strategies, giving investors a healthy mix of large/mid and small caps stocks.... Read More

Zydus Cadila has received the final approval from the USFDA to market Lurasidone Hydrochloride Tablets USP (US RLD-Latuda Tablets), in the strengths of 20 mg, 40 mg, 60 mg, 80 mg and 120 mg.

Caplin Point Laboratories Caplin Steriles, a wholly owned subsidiary of Caplin Point Laboratories has been granted final approval by the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Glycopyrrolate injection USP.

Sectoral allocation crucial for wealth creation; Here's how your equity portfolio should look like

If your portfolio requires a churn then this is the right time as we are on the verge of a breakout above previous record highs... Read More

: Research house maintained buy rating on the stock with a target at Rs 7,600 per share. It feels that access to Toyota's technology will be key to long-term prospects.