MUMBAI: Equities pulled back from Monday’s lows as the November Index of Industrial Production grew at 2.4 per cent against negative 0.4 per cent in October. But jittery traders used this opportunity to book profits.

At 12:15 pm, Bombay Stock Exchange’s Sensex was at 9203.46, down 203.01 points or 2.16 per cent. It touched a high of 9331.13 and low of 9096.68 in trade so far.

National Stock Exchange’s Nifty was at 2814.55, down 58.45 points or 2.03 per cent. The broader index hit an intra-day low f 2767.20 and a high of 2869.20.

“Volatility can be the order of the day; an intra-day downside (seems like a mild possibility) could come in below the 2873 level while significant support at lower levels (2810) – would limit the downside. The outlook has turned neutral again while resistance comes in at the 3250+ level and support comes in at the 2800 level,” said Asit C Mehta report.

BSE Midcap Index was down 0.66 per cent and BSE Smallcap Index slipped 0.28 per cent.

Realty, oil&gas and metals continued to remain under pressure while healthcare and auto bucked the trend. BSE Realty index was down 2.44 per cent, BSE Oil&gas Index declined 2.32 per cent and BSE Metal Index slipped 2.08 per cent. BSE Auto Index was up 0.76 per cent and BSE Healthcare Index was marginally higher.

Wipro (-9.08%), Reliance Infrastructure (-5.58%), DLF (-4.64%), Hindalco Industries (-4.18%) and Reliance Industries (-3.89%) were the top Sensex losers.

Gainers included, Jaiprakash Associates (3.94%), Sun Pharmaceuticals (1.83%), Tata Motors (0.61%) and Mahindra & Mahindra (0.58%).

European markets are likely to follow peers and open lower on concerns of economic worries.

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