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Market Overview:-
Equity benchmarks ended sharply lower by 1 percent today,
dragged by index heavyweights HDFC, Infosys, ITC and L&T.
The Sensex dropped 215.21 points to 24685.42 and the Nifty
fell 67.90 points to 7546.45. The market breadth also turned negative in last
hour of trade as about 1448 shares declined against 1107 advancing shares on
Bombay Stock Exchange.
European markets were down marginally on fall in oil prices
and ahead of European Central Bank meeting.
Tata Steel is planning to sell its UK arm in one go, rather
than in parts.
Greybull Capital may also explore options to buy the entire
plant. No formal bid, however, has been submitted yet. Talks are believed to be
at an exploratory stage.
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