The 30-share index pared some losses to trade 152.50 points, or 0.39 per cent, lower at 38,568.07.

After plunging over 907 points, the 30-share index settled 792.82 points or 2.01 per cent lower at 38,720.57.

The founders had vehemently opposed L&T bid, terming it hostile and as a grave threat and value destructive to shareholders.

The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72.

Among the gainers, the valuation of HDFC zoomed Rs 14,941.11 crore to Rs 3,93,135.72 crore.

Sitharaman said it was the right time to consider increasing minimum public shareholding from 25 pc to 35 pc.

After a highly volatile session, Sensex ended 394.67 points, or 0.99 per cent, lower at 39,513.39.

The 30-share index was trading 171.82 points, or 0.43 per cent, lower at 39,736.24

The 30-share index was trading 114.67 points, or 0.29 per cent, higher at 40,022.73.

The 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06.