Benchmark indices closed below their 100-day moving average, with the Sensex losing 236.10 points to 33,774.66 and the Nifty down 73.90 points at 10,378.40 after recovered from day's low.
Petronet LNG, Tata Global, Vakrangee, NIIT Tech, L&T Technology, PC Jeweller, Peninsula Land and Gitanjali Gems were down 2-10 percent.
Bhushan Steel was up 20 percent. Rain Industries, Fortis Healthcare, United Breweries, Jet Airways and Kwality gained 3-8 percent.
PSU Bank index slipped 2 percent as total exposure announced by PSU banks so far has been more than Rs 8,500 crore to PNB fraud case.
HEADLINES OF THE DAY
M&M subsidiary inks MOU with MACP for providing real time agri advisory to the farming community.
UCO Bank discloses exposure of $412mn in PNB fraud case; Stock slips 7%.
Bhushan Steel up 20% on news of Rs35,000cr bid by Tata Steel.
The crucial resistance for Nifty spot is now seen at 10500 and above this 10640. Support for the immediate term is now placed at 10290 next support will be 10160.
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