JP Associates, Videocon, others may be referred to NCLT Stocks of JP Associates, Videocon, Ruchi Soya and Uttam Galva etc tanked up to 14% on news reports that these companies will be referred to The National Company Law Tribunal (NCLT) if debt issue does not get resolved by Mid-December. READ MORE Anand James, Chief Market Strategist, Geojit Financial Services Concerns of heavy floods in the financial capital and the heavy selling by FIIs in equities over the past one month ensured that risk appetite was down to a trickle, especially as Asian markets were in a sea of red following North Korea threats. The speeding process of NPA resolution may provide some respite to the market ahead of the F&O expiry, after it managed to hold the crucial 60-DMA level. Sensex heatmap at close Source: BSE Market breadth The broad market depicted weakness. There were more than two losers for every gainer on BSE. On the BSE, 1,717 shares fell and 841 shares rose. A total of 142 shares were unchanged. Broader markets The BSE Midcap and the BSE Smallcap indices shed 0.8% and 1%, respectively. Markets at close The Sensex settled at 31,388, down 362 points, while the broader Nifty50 ended at 9,796, down 116 points.