Benchmark indices had a negative trading session through the day after opening on a positive note.
The 30-share Sensex was down 130.87 points at 29575.74, while the Nifty was down 16.85 points at 9181.45. The market breadth was in the positive zone, but was narrow as 1,764 shares advanced against a decline of 1,163 shares, while 128 shares were unchanged.
Axis Bank, Tata Motors, IOC and BPCL were top gainers, while Infosys, Wipro and Indiabulls Housing Finance were top losers.
Liquor stocks were under pressure after the Madhya Pradesh Chief Minister said that liquor stocks will be closed in a phased manner.
HEADLINES OF THE DAY
Divis Lab surges as USFDA exempts alert list.
IOC plans to expand Paradip refinery capacity to 20mmt.
All liquor shops in Madhya Pradesh will be shut down in phases.
The crucial resistance for Nifty spot is now seen at 9300 and above this 9375.Support for the immediate term is now placed at 9160 and next support will be 9135.