Closing Bell: Sharp fall drags Nifty below 11,150, Sensex falls 372 pts; Sun Pharma down 9%

Late selling in the market drags Nifty below 11,150 level and Sensex by 372 points in today's trading session.

The Sensex was down 372.17 points at 37090.82, while Nifty was down 130.70 points at 11148.20. About 639 shares have advanced, 1826 shares declined, and 157 shares are unchanged.

Eicher Motors, Zee Entertainment, Sun Pharma, Indiabulls Housing and Yes Bank were among major losers on the Nifty, while gainers were Titan Company, Bharti Infratel, Tech Mahindra, HDFC and HUL.

On the sectoral front, major selling was seen in the PSU Bank and Pharma as both the indices closed with 4 percent cut, followed by metal, auto, energy and infra.

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FMCG major ITC has reported 18.7 percent jump in its Q4FY19 net profit to Rs 3,482 crore on the back of strong sales from the FMCG and cigarette units.

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It is sharp fall in the benchmark indices as Nifty break below 11,200 level.

At 15:00 hrs IST, the Sensex is down 217.58 points at 37245.41, while Nifty is down 86.80 points at 11192.10. About 597 shares have advanced, 1747 shares declined, and 136 shares are unchanged.

Net profit at Rs 201.5 crore versus Rs loss of Rs 1,650.2 crore, YoY. Gross NPA at 12.66%, while net NPA at 5.93%, QoQ.

Consolidate net profit down 16.7% at Rs 48 crore against Rs 57.7 crore, revenue up 48% at Rs 479 crore versus Rs 323.6 crore, YoY.

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Net profit up 5.9% at Rs 30 crore against Rs 28.3 crore, revenue up 2.6% at Rs 481 crore versus Rs 469 crore, YoY.

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Net profit rose 80% at Rs 92.6 crore against Rs 51.4 crore, revenue up 18.5% at Rs 1,405.4 crore against Rs 1,185.6 crore, YoY.