INDIAN BENCHMARKS: SENSEX TANKS 465 POINTS, NIFTY 50 BELOW 8600
The market has posted biggest one-day fall in last three months. The Nifty falls below 8600 for first time since August 26.
The 50-share index fell 153.90 points or 1.8 percent at 8591.25 while the Sensex is down 465.28 points or 1.6 percent at 27827.53.ITC and ONGC remained flat while BHEL fell over 7 percent. Adani Ports, Tata Steel, ICICI Bank and Lupin were losers in the Sensex.
HEADLINES OF THE DAY
Crude oil rises as OPEC agrees to cap production
Max India receives shareholders' approval for merger
Cabinet clears stake acquisition in Rosneft assets by BPCL, IOC and OIL
The crucial resistance for Nifty spot is now seen at 8685 and above this 8730. Support for the immediate term is now placed at 8540 and next support will be 8475.