In case Nifty sustains below the level 10,760, it would invite further selling and Nifty may test its panic low of 10,637 registered on August 23. On the other hand, it is advisable to wait till the Nifty moves above the 10,830 mark to create any short term long positions in the index. Stocks in news: MCX, Majesco, Varun Beverages, Indiamart Intermesh, Praj Industries, Gujarat Alkalies & Chemicals.

The SGX Nifty in early action is indicating a mild pullback on D-Street on Wednesday and helping the cause are positive cues from Asian peers.

The stock of Asian Paints forms Evening Doji Star candlestick pattern on the daily time frame.

Zydus Cadila received marketing authorization for Twinrab (RabiMabs) from the Drug Controller General of India. Post this development, the stock of the company jumped by nearly 2 per cent on BSE.

The stocks to watch out on September 4 include ONGC, IDBI Bank, Tata Communications, Future Market Networks and Indiamart Intermesh.

Supplies of CNG and PNG in and around Mumbai were affected after a major fire broke out at ONGC gas processing facility in Uran on Tuesday morning.

Ashok Leyland, a flagship company of the Hinduja group and country’s second largest commercial vehicle manufacturer, announced on Tuesday that, it has become the first Indian original equipment manufacturer to meet Bharat Stage VI emission norms across its full range of heavy duty trucks with gross vehicle weight of 16.2 tonnes and above.

The Government of India has approved Rs. 9,000 crore capital infusion in IDBI Bank. Out of Rs 9,000 crore, the government will provide Rs 4,557 crore as one-time re-capitalisation of the bank, while Rs 4,743 crore will be infused by the LIC.

Nesco Ltd was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

At the end of the session, Sensex closed at 36,562.91, down 769.88 points or 2.06 per cent, while, Nifty slipped 225.35 points or 2.04 per cent to settle at 10,797.90.