Nifty closed at 8924 level, down by 22 points or 0.3%. Sensex closed at 28901 level, down by 98 points or 0.3%.
Broader markets shown weakness on Wednesday. BSE Mid-cap index closed at 13428 level, down by 76 points under performing the major indices in the market. BSE small-cap index closed at 13633 levels, down by 42 points.
There were 521 advances, 1109 declines and 295 unchanged stocks on NSE reflecting strong negative bias floating in the market.
Bosch Limited was the top Nifty gainer and Idea Cellular was the top Nifty loser. Bosch closed at Rs 21900 per share up by 2.5% and Idea Cellular closed at Rs 106 per share down by 2.3%.
The highly talked about IPO in the market right now, Avenue Supermarkets IPO got subscribed by 0.6 times till the afternoon on the first day of subscription.
Government has asked the concerned ministry to initiate discussions regarding the merger of MTNL and BSNL. The markets celebrated this development. MTNL surged by 18% to touch its fresh 52-week high of Rs 26.5 per share.
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