The S&P BSE Sensex hovered around 31,150 levels after sliding over 250 points intra-day. The Nifty50 index also reclaimed the 9,150 level. Mahindra & Mahindra (down 4%) and Axis Bank (down 3%) were the top Sensex losers while ONGC gained 2 per cent. Biocon dipped 4 per cent after its Q4 net profit declined 42.2 per cent to Rs 123 crore on y-o-y basis.
Trend among Nifty sectoral indices was largely negative, led by Nifty Bank index, down 1.8 per cent. On the other hand, Nifty Metal index gained over 1 per cent.
The losses were more contained in the broader market as both the MidCap as well as the SmallCap index were trading 0.3 per cent lower.
Today, a total of 12 companies including Cipla, Aaarti Drugs, and M&M Finance are scheduled to announce their results.