Market rundown by Vinod Nair, Head of Research at Geojit Financial Services
"Market extended the consolidation phase on profit booking. However, renewed buying in consumer durables restricted further fall in the market on expectation of reducing taxes for product coming under 28% GST tax bracket. Albeit, investors are watchful ahead of key domestic macros CPI inflation & IIP data and global oil price fluctuation to get the direction."
3:43 PM
Biggest Sectoral Loser: Nifty Pharma
Source: NSE
3:40 PM
Top Sectoral gainer: Nifty PSU Banks
Source: NSE
3:38 PM
Sectoral Trend
Source: NSE
3:37 PM
Top Sensex gainers and losers
Source: BSE
3:35 PM
Broader Markets
In broader markets, the BSE Midcap and BSE Smallcap indices outperformed benchmark indices, ending 1% and 0.7% up for the day
3:34 PM
Markets at Close
Benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.
The S&P BSE Sensex ended at 33,250, up 32 points while the broader Nifty50 index settled at 10,308, up 5 points
3:16 PM
Vakrangee, Petronet LNG hit new highs; Page Industries crosses Rs 22,000
Page Industries, Vakrangee, Petronet LNG, ITD Cementation, Larsen & Toubro Infotech, Rain Industries and Indian Bank were among 15 stocks from the S&P BSE 500 index hitting their respective new highs on the BSE in an otherwise subdued market. These companies have reported a good set of numbers for the quarter ended September 2017 (Q2FY18). READ MORE
Commercial and passenger vehicle maker Tata Motors has reported a robust three-fold growth in profit for July-September quarter, driven by better-than-expected JLR's operational perormance.
Profit during the quarter increased to Rs 2,501.67 crore, from Rs 848.16 crore in same quarter last fiscal.
2:25 PM
Ashok Leyland falls
Ashok Leyland fell over 2% intraday as investors reacted to the company’s September quarter earnings, which missed estimates.
The company reported a gain of 13.5 percent in the net profit at Rs 334.2 crore against Rs 294.4 crore year on year. Revenues for the firm came in 30.8 percent higher at Rs 6,047 crore against Rs 4,622.4 crore reported in the same quarter last year.
2:14 PM
Slips in trade
Cadila Healthcare shares lost as much as 5.6% after Credit Suisse has downgraded the stock to neutral and slashed target price to Rs 465 per share.
1:49 PM
Top Sensex gaienrs and losers
Source: BSE
1:28 PM
2 L&T Group stocks hit 52-week highs
Shares of two Larsen & Toubro (L&T) Group companies – Larsen & Toubro Infotech (LTI) and L&T Technology Services (LTTS) – hit their respective 52-week highs on the BSE in an otherwise subdued market.
LTI is a global technology consulting and digital solutions company, while LTTS focuses on engineering and R&D (ER&D) services. READ MORE
1:06 PM
Markets check
At 1:05 pm, the S&P BSE Sensex was trading at 33,159, down 59 points, while the broader Nifty50 was ruling at 10,282, down 21 points.
Benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.
Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in US stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.
Back home, GST (goods and services tax) Council is likely to slash the indirect tax rates on as many as 165 items at its meeting in Guwahati, which begins later today. At present, these 165 items attract 28% tax, which could be moved to the 18% category.
 "Sensex ends flat, Nifty settles above 10,300 as oil steadies; ITC down 2%")
