Closing bell: Nifty holds 11,000 on a rangebound day, Sensex marginally lower.
The market closed off its lows amid rangebound session due to lack of cues.
The 30-share BSE Sensex was down 53.99 points at 36,671.43 and the Nifty50 fell 22.80 points to 11,035.40.
Tata Motors, Wipro, HCL Technologies, Tata Steel, Hindalco and Maruti Suzuki were down 1-4 percent while Bajaj Auto and Eicher Motors gained over a percent each.
The broader markets also ended in the red. Nifty Midcap index was down 0.2 percent.
Arvind was down 5 percent, but its subsidiary Arvind Fashions rallied 5 percent on day 1.
Dish TV, Jain Irrigation, Firstsource and Reliance Infrastructure were down 2-4 percent. However, Granules India, Gujarat Gas, Just Dial, ICICI Prudential and Reliance Nippon gained 3-7 percent.
HEADLINES OF THE DAY
Maruti Suzuki India shares fell a percent intraday after Kotak Institutional Equities downgraded its rating on the stock to add from buy earlier.
Varun Beverages said it announced the inauguration of its greenfield production facility at Pathankot by Chief Minister of Punjab.
Oil Drops Over a percent
Oil prices dropped by more than one percent as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese exports and imports slumped last month.
The crucial resistance for Nifty spot is now seen at 11120 and above this 11380 Support for the immediate term is now placed at 10900 next support will be 10760.
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