Equity benchmarks continued to reel under selling pressure, with the Nifty struggling below 9650 level on correction in banking & financials, auto and metal stocks.
The 30-share BSE Sensex was down 57.71 points at 31,239.82 and the 50-share NSE Nifty fell 30.15 points to 9,623.35.
L&T gained over a percent that the government sold its stake in the company for Rs 4,000 crore.
Reliance Industries continued to support the market, up 0.64 percent while HDFC, Tata Motors, ONGC, Lupin, TCS, HDFC Bank and ICICI Bank were under pressure.
9:54 am IPO: The initial public offer of Eris Lifesciences was oversubscribed 3.29 times on the last day.
The IPO, looking to raise Rs 1,741 crore, received bids for 5,25,02,424 shares against the total issue size of 1,59,48,750 shares, data available with the NSE till 1930 hours showed.
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