Key benchmarks have a gap down opening with the BSE Sensex shedding 392 points at 34567-levels, while the NSE Nifty down by 113 points at 10374-marks at 9.25 am, Tuesday
The IOC stock reacted positively to the buyback proposal as the stock is trading higher at Rs. 133.10 up by 2.58 percent in the mid-market trading hours on the NSE and BSE.
By tomorrow, 11-December, the outcome of Assembly elections in Rajasthan, M.P, Chattishgarh, Telangana and Mizoram will be come into light and markets to remain volatile through the week..
Stock Markets are expected to be volatile next week, in view of the state election outcomes are likely to be known on Tuesday.
Nifty Pharma underperformed, closing 6.39% lower for the week, while Nifty Auto down 4.32%, Metal index fell 2.93%. On the other hand Nifty IT index gained 0.17% for the week.