Sensex was lower by 254 points at 26,017 mark and the Nifty declined by 80 points at 7,715
The company has received closure notice for Paradeep plant for non-compliance of stipulations
Indiabulls Housing Finance zoomed 6% after company's consolidated net profit jumped 21% at Rs 424 crore
The stock tanked over 10% in two days after the company said that it will lend about $1.25 billion to its parent for two years.
The stock dipped 18% to Rs 147 from its record high of Rs 179 touched before the announcements of June quarter results.