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Sensex falls over 200 pts, Nifty below 11,000

National   |   Glibs Quick   |   Aug 16, 2019, 10:05 AM

Mumbai. Benchmark indices opened lower with the Sensex falling 234.77 points to 37,076.76 and the Nifty declining 74.20 points to 10,955.20.

the immediate support for the index is placed around 10,870 (78.6 percent retracement of recent pullback) whereas the resistance is seen at the swing high of 11,181.

Traders are advised to trade with a stock specific approach with a tab on the above mentioned levels in the index

Shares of Tata Motors fell 2.6 percent intraday after CRISIL downgraded its long term rating amid weakening risk profile of Jaguar Land Rover.

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