Closing Bell: Nifty holds 11,700, Sensex falls 382 points; Tata Motors loses 7%

The Indian rupee is trading marginally higherat69.71 per dollar against previous close69.74.

Indian indices fell 1 percent as they failed to maintain the strong up move which was recorded on May 20, on the back on exit polls for Lok Sabha Election 2019.

At close, the Sensex was down 382.87 points at 38969.80, while Nifty was down 119.20 points at 11709.10. About 970 shares have advanced, 1560 shares declined, and 160 shares are unchanged.

Tata Motors, BPCL, Zee Entertainment, IndusInd Bank and Adani Ports were the top losers on the Nifty, while gainers were Dr Reddy’s Labs, Bharti Infratel, Britannia Industries, Titan Company and Reliance Industries.

All the sectoral indices ended in red led by auto, bank, pharma, energy, infra, metal, energy and IT.

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Net profit down 10.2% at Rs 14.4 crore against Rs 16.1 crore, revenue up 18.6% at Rs 191 crore versus Rs 161 crore, YoY

Vedanta declared as the preferred bidder for two Copper blocks in Chandrapur district, Maharashtra.

Bharti Airtel loses 1.5 crore mobile users versus loss of 49,896 users
Reliance Jio added 94.89 lakh mobile users versus addition of 77.9 lakh users
Vodafone Idea loses 1.4 crore mobile users versus loss of 57.9 lakh users

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Consolidated net profit down 24.4% at Rs 29.6 crore versus Rs 39.2 crore, revenue up 17.4% at Rs 344.2 crore versus Rs 293.2 crore, YoY. Company board approves issuance of 1 crore equity warrants to promoters on preferential basis.

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Net loss at RS 1.7 crore against loss of Rs 8.8 crore, revenue was up 5% at Rs106 crore versus Rs 100.4 crore, YoY.

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:Shares of Jet Airways rallied9 percent after reports made round thatHinduja Group is finally set to bid for the grounded airline this week.

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