The NSE Nifty ended (provisional) at 4,402, down 66 points and the BSE Sensex ended (provisional) at 14,840, down 221 points.
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(Updated 1507 hrs)
The NSE Nifty could not recover till now, after slipping into the negative post noon trades. The index is now at 4,384, down 84 points.
HCL has plunged 5.5% to Rs 216 and Cipla has declined 4.5% to Rs 270.
SAIL, ABB and Reliance Infrastructure have shed 3.5% each to Rs 165, Rs 709 and Rs 1,088, respectively.
Grasim, Axis Bank, Tata Steel, Idea, Bharti Airtel and Reliance have slipped 2-3% each.
ONGC has rallied nearly 5% to Rs 1,095 and Sterlite has gained nearly 2% to Rs 607.
Meanwhile the BSE Sensex is at 14,814, down 248 points.
The market breadth is marginally negative - out of 2,667 stocks, 1,411 have declined and 1,163 have advanced.