NSE benchmark Nifty fell 100.90 points to 10,094 amid weak global cues ahead of the US Federal Reserve's policy decision later in the week.
The 30-share index closed down 252.88 points or 0.76 per cent at 32,923.12. This is the weakest closing since December 6 last when it settled at 32,597.18.
Tracking global cues, Indian market closed with losses for the week. Coal India -8.5%, TCS -6.7% & IOC -4% were among the biggest Nifty losers for the week.
Sensex cracked below the 33,000-mark by falling nearly 253 pts, extending its slide for the 5th straight session on unabated foreign fund outflows.
Around 12.30 pm, the wider Nifty50 of the National Stock Exchange (NSE) fell by 78.05 points or 0.77 per cent to trade at 10,117.10 points.
The 30-share index was trading 100.30 points, or 0.30 per cent, lower at 33,075.70 at 1200 hrs.
Negative Asian cues -- on the prospect of higher interest rates in the US and global trade wars -- pulled Indian equity market lower during the early morning session.
Bears ruled roost for the third week in row, this time on rising geopolitical concerns on fear of escalating trade war pulled down the key indices.
Nifty fell by another 165 points to close below the 10,200 level due to major sell-off in metal, energy, infra, auto and realty sectors amid weak Asian cues.
Investor wealth saw an erosion of Rs 1.86 lakh crore amid a massive sell-off in the broader market where the BSE benchmark index cracked 509.54 points.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports