Live Updates: FM says examining DMK demand on UN resolution on SL issue

112.06 pm: The Sensex is down 225.54 points or 1.17% at 19067.66, and the Nifty down 67.05 points or 1.15% at 5768.20.

12:00 pm: Consultations have begun on Sri Lanka resolution: Chidambaram.

11:50 am: The government is stable, will stay in power: Chidambaram.

11:44 am: The UPA could call all-party meet to decide on Sri Lanka resolution

11:40 am:  The Sensex collapses 325.71 points or 1.69 percent at 18967.49 while the Nifty fell 94.70 points or 1.62% at 5740.55.

11:22 am: If the government passes a resolution in Parliament before Friday (March 21) condemning the Sri Lankan government, DMK is willing to reconsider its decision. The DMK ministers will resign today or tomorrow. The Centre is not doing enough for the Tamil cause, says Karunanidhi.

11:20 am: The Sensex crashed 240 points at 19052.51 while the Nifty slipped 75.20 points at 5760.05. However, despite a repo rate cut of 25 basis points (bps) by the Reserve Bank of India in its monetary policy review, the market was not fazed. The bond market was also flat. 

11:10 am: DMK ministers pull out of UPA. DMK ministers are likely to resign soon to protest against alleged war crimes in Sri Lanka. The DMK has five ministers in the Union Cabinet.

DMK chief M Karunanidhi says, "DMK has decided to pull out of UPA alliance."

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