The Nifty is back to a key 25,800 level on the downside, as it finds itself stuck in the 25,700 - 26,100 range, and this pattern may continue unless a major trigger emerges in either direction.
The Rupee, after what seemed like an endless journey, has now recovered after a reported RBI action.
The Nifty Banking index is also under pressure, falling from an uptick of 50 points to now a fall of over 120 points, trading close to 200 points off the day's high.
Today will also be the allotment of ICICI Prudential AMC's IPO shares, after the issue received healthy subscription from institutions.
Watch this space for all the Live updates.
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