Benchmark indices as well as broader markets closed sharply lower on Tuesday as rising crude oil prices may impact fiscal deficit and raw material cost of companies which are dependent upon oil.
The 30-share BSE Sensex was down 360.43 points or 1.07 percent at 33,370.76 and the 50-share NSE Nifty fell 101.60 points or 0.97 percent to 10,350.20.
About 1,869 shares declined against 877 advancing shares on the BSE.
Nifty Pharma, Metal and PSU Bank indices declined 2-5 percent while IT index gained 2 percent.
HEADLINES OF THE DAY
Tata Chemicals sells its fertilizers business to IRC Agrochemicals.
ICICI Bank board approves selling stake in ICICI Securities via IPO.
Lupin drops 17% after receiving warning letter from USFDA.
The crucial resistance for Nifty spot is now seen at 10480 and above this 10530.Support for the immediate term is now placed at 10350 and next support will be 10244.
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