The Nifty Bank index has also taken a hit, as the banking index is down over 350 points, falling to 59,000. Messho has extended its gains, and is up 73% from its issue price.
What would also please the bulls is the advance-decline being in favour of the gainers. As the markets remain under pressure, for Nifty, the 26,000 level remains the key, which continues to find resistance between the 26,050 and 26,100 band. 25,900 - 25,850 may emerge as a support zone for the index.
Today is also the last day to bid for the ₹10,602 crore ICICI Prudential AMC IPO.
Watch this space for all the Live updates.
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