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.
Watch this space for all the Live updates.
