The market continued to consolidate after sharp recovery from day’s low. The Sensex gained 17.35 points at 24871.46 and the Nifty declined 3.40 points to 7559.
Shares of Tata Motors, Axis Bank, BHEL and Hindalco Industries topped selling list, down 2-3 percent.
Tata Steel slumped 3.5 percent after the global rating agency S&P downgraded the company to BB-, a low investment grade rating, over persistent subdued operating performance amid subdued demand and low steel prices.
Tata Steel slumped 3.5 percent after the global rating agency S&P downgraded the company to BB-, a low investment grade rating, over persistent subdued operating performance amid subdued demand and low steel prices.
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