Tata Steel was top loser on the Nifty. It has touched an intraday high of Rs 567.90 and an intraday low of Rs 537.25. The share was quoting at Rs 538.30, down Rs 24.8, or 4.4%.

The company has announced its second quarter FY10 results. The company's Q2 numbers were below street expectations, its consolidated net loss at Rs 2,707 crore versus loss of Rs 2,238 crore, quarter-on-quarter, QoQ.

It was trading with volumes of 9,458,454 shares. Yesterday the share closed up 0.79% or Rs 4.40 at Rs 563.10.