Benchmark indices ended the day lower led by declines in heavyweight IT stocks like TCS and Infosys. Global cues which were poor, following a sharp slide in commodity prices, did not help sentiments. Reports that the US Fed was all geared to hike interest rates in the US in Dec, only added to the pain.
Shares in recently listed InterGlobe Aviation continued to see sustained buying support. The stock was up another 6 per cent in trade. However, another recent listing Coffee Day Enterprises, which runs the renowned Cafe Coffee Day chain had no such luck and continued to fall.
Eros Entertainment was locked at the lower end of the circuit filter after fresh allegations against the company. The company was alleged to have overstated revenues, which have been denied by Eros.
Mid cap stocks also fell in line with the benchmark stocks, with Jubilant Foodworks and Voltas leading the losers. However, Jindal Steel rallied a huge 8 per cent and was the top Midcap gainer in trade.
Meanwhile, Europe was trading marginally lower, while Asian markets saw cuts of nearly one per cent, following a poor lead from the US.