BLS International shares have nosedived by over 15% after the company was proscribed from taking part in any future tenders with the MEA.
This fall in the index comes after registering a weekly advance previously. The level above 25,300 will be an important one to track for the Nifty, while for the Nifty Bank, which cooled off nearly 150 points from the highs, the 56,760 level is under focus.
Some of the biggest losers of the day, among the Nifty 500 stocks, are Reliance Power, Kaynes Tech, Redington, Jyoti CNC and Tata Communications, among others.
Today is also the last day Tata Motors trades as a consolidated entity before the record date on Tuesday for its CV business demerger. HCLTech reports results today, along with Anand Rathi Wealth..
Watch this space for all the live updates.