Shares of Tata Steel tumbled, falling nearly 6 percent, following reports that the steel major has evinced interest to acquire debt-laden Bhushan Steel.
NSE Nifty slid below the key 10,400-level at 10,378.40, declining 73.90 pts or, or 0.71%, it shuttled between 10,489.35 and 10,302.75.
The London Stock Exchange Group will launch a contract to compete directly with rival InterContinental Exchange to wean markets off Libor by 2021, the UK bourse said.
Sebi has lifted the curbs imposed on Sanco Industries after finding no prima facie evidence of misrepresentation of financials by the company.
Shares of Union Bank of India dropped 7.19%; Bank of Maharashtra - 6.79%, Syndicate Bank - 6.45%, Allahabad Bank - 6.30% and Bank of Baroda - 5.48% on BSE.