The Sensex index is also under major pressure, with the 30 stock index falling over 300 points, with the overall value of the Sensex falling below 84,200.
That 26,000 mark remains the key hurdle for the Nifty on the upside.
The IT stocks are under immense pressure after the overnight sell-off on Nasdaq and Wall Street.
In what can well be called the final day of this quarter's results season, Tata Motors Passenger Vehicles, Siemens, Glenmark, Exide, Inox Wind, Allcargo, Natco Pharma, Marico, among others report results today.
Watch this space for all the Live updates.
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