Vedanta Resources Plc today said it will buy back shares worth USD 250 million.
The BSE Sensex opened 3.44 percent lower on Tuesday.
A minor intra day rally due to shorts getting covered is not ruled out.
The stock ended down 6.9 percent at 940 rupiah.
Indian shares are likely to attract domestic mutual fund managers.
Nifty dipped 72.20 points or 2.62 per cent, to close at 2,682.90.
Nifty in upward direction will face resistance at 2863.
Tata group's Indian Hotels today plunged over 14 per cent.
The BSE Sensex seesawed but ended slightly higher on Friday.
Markets are likely to open with a minor downward gap.
