Nifty fell 1.54 percent to 3,761.10

STOCKS THAT MOVED

* Shares in iron ore exporter Sesa Goa Ltd. Rose 2.9 percent to 1,796 rupees after local media reported on Tuesday that Japan's Mitsui & Co. would choose the winning bidder for its 51 percent stake in the Indian firm on Wednesday.

* Cement maker Rain Commodities Ltd. fell nearly 4 percent to 111.80 rupees after its unit did not revise its offer price for Great Lakes Carbon, opening the way for the Canadian company to approve an offer by Oxbow Carbon & Minerals Holdings.

* Steel pipe maker Man Industries Ltd. rose 5.1 percent higher to 187.05 rupees on market speculation it had won a large overseas order.

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