Closing Bell: Nifty ends below 11,850, Sensex falls 289 points; IndusInd Bank slips 4%

Sharp fall in late trading pulled the indices to the low of the day on June 14 with Nifty ended below 11,850 level.

At close, the Sensex was down 289.29 points at 39,452.07, while Nifty was down 90.70 points at 11,823.30. About 808 shares have advanced, 1686 shares declined, and 144 shares are unchanged.

IndusInd Bank, Zee Entertainment, Indiabulls Housing, Bharti Airtel and Axis Bank were the top losers on the Nifty, while gainers were Bharti Infratel, Sun Pharma, Power Grid, L&T and Vedanta.

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

Tata Communications International Pte, a wholly owned subsidiary of Tata Communications in Singapore has divested its 26% stake in STT Tai Seng Pte to STT APDC Pte Ltd, a wholly-owned subsidiary of STT GDC Pte at an agreed consideration based on fair market value and changing market conditions.

Biocon has received the Certificate of GMP compliance from EMA for its Biologics Drug Product (DP) as well as Drug Substance (DS) facilities at Biocon Park, Bengaluru.

Benchmark indices are trading at day's low level in the late afternoon trade.

The Sensex is down 355.76 points or 0.90% at 39385.60, and the Nifty down 107 points or 0.90% at 11807. About 785 shares have advanced, 1604 shares declined, and 127 shares are unchanged.

HDFC confirmed selling 3,10,00,000 equity shared representing 4.2% stake of the issue and paid up share capital of Gruh Finance.

The Indian rupee is trading lower at 69.73 per dollar versus previous close 69.51.

Moody's ups outlook on Adani Transmission to stable from negative, reports CNBC-TV18.

Shares of Smartlink Holdings touched 52-week high of Rs 109.80, rising 16 percent after company approved buyback of shares.

Aurobindo Pharma shares fell 5 percent on June 14 after the US health regulator pointed out data integrity lapses at finished dosages plant in Bachupally, Telangana.

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Shares of chemical manufacturing company PI Industries gained 3 percent to hit a record high of Rs 1,178 on June 14 after CRISIL reaffirmed its rating on bank facilities.