SAT partly allowed disgorgement of the Rs 13 crore fee from the auditor.
The Nifty has a made a hammer for the last two weeks, indicating a refusal to go down further: Jimeet Modi.
The sale of business as a going concern includes a sale of all the assets and liabilities of the company to the highest bidder.
Most analysts feel that the week would be lackluster as there are no major positive triggers from the corporate side.
The market breadth was weak with 898 shares gained while 1,583 shares fell. A total of 158 shares were unchanged.
Sensex closed at 37451.84 falling 189.43 points, or 0.50 per cent, while the Nifty shed 59.25 points, or 0.53 per cent, ending at 11046.10.
The market breath was also strong with BSE midcap and smallcap indices rising 0.53 per cent and 1.6 per cent respectively.
Global brokerage houses turn bullish on India after Friday.
The Sensex managed to hold the ground mainly because of the robust performance by these top 10 companies.
The Nifty has fallen 316.15 points, or 2.86 per cent in three consecutive trading sessions.