Benchmark indices closed sharply lower as global stocks hit badly due to trade war concerns.
The 30-share BSE Sensex was down 409.73 points or 1.24 percent at 32,596.54 and the 50-share NSE Nifty fell 116.75 points or 1.15 percent to 9,998.05.
More than three shares declined for every share rising on the BSE.
Axis Bank, SBI, Vedanta, Hindalco, Tata Steel, Reliance Industries, L&T and Maruti Suzuki declined up to 5 percent.
HCL Technologies rallied over 2.5 percent and Tech Mahindra gained 0.5 percent.
HEADLINES OF THE DAY
M&M and Ford India sign 5 MoUs for manufacturing and development of EVs, SUVs and components
Union Bank at 14 year low as lender faces Rs300cr fraud
Varun Beverages gets franchisee rights for PepsiCo products in Jharkhand
The crucial resistance for Nifty spot is now seen at 10110 and above this 10270. Support for the immediate term is now placed at 9950 next support will be 9880.
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