Reinforcing widespread expectations for swift recovery in the Chinese economy, the China Federation of Logistics & Purchasing said that the official Purchasing Managers Index (PMI) in May stayed above the 'expansionary 50 mark' for the third consecutive month.

With the data indicating that China's manufacturing activity expanded in May, the market sentiment was upbeat in Asia. Though the May index dropped slightly to 53.1 from April's 53.5, CLSA PMI figures of 51.2 in May, as against 50.1 in April, marked a 10-month high!

Towards the end of the session, equities faced heavy selling pressure as a result of F&O expiry and BSE Sensex ended on a negative note.

BSE Sensex closed down by 324 points or 2.33% at 13,589.37 points and NSE Nifty closed at 4,107.7 points down 3.06 per cent.

Out of total 2,810 traded shares on BSE, 1,452 suffered loses, 1,326 gained and rest 32 were unchanged today.

Among the top losers, Reliance Communications down by 9.73 %, Ranbaxy Laboratories down by 7.91% and Bharti Airtel down by 5.71%.