Market Outlook for the day – Nifty and Bank nifty are trading at crucial levels, further decline may lead to creation in fresh short positions.
L&T Technology Services, a wholly owned subsidiary of Larsen and Toubro Ltd, has bought 74 per cent equity stake in Thales Software India Pvt Ltd, a subsidiary of French multinational firm Thales.
Ashok Leyland has signed an MoU with Yes Bank whereby Yes Bank will extend retail financing to customers of Ashok Leyland's commercial vehicles.
Essar Oil hit an upper circuit limit of 5% on BSE after the company said that its promoter, Essar Energy Holdings, has set a floor price of Rs 108.18 for the delisting proposal.
Volatility ruled the roost in late trade as key benchmark indices extended intraday losses. The market sentiment was hit adversely as the government's decision to defer revision in gas prices for three months came contrary to market expectations. Domestic sentiment was also dampened due to offloading of positions by participants in F&O segment. The BSE Mid-Cap index was down by 0.3% at 9,180.84. The BSE Small-Cap index was down by 0.31% at 9,981.31.The market breadth indicating the overall health of the market was negative.