Market turns shaky on muted earnings; Nifty down 24 pts

Bourses continued to grapple with series of disappointing corporate earnings from tech giants as the benchmark Nifty shed over 24 points in a highly volatile trade on the National Stock Exchange (NSE) here.
Extremely bearish Chinese trade data added to worries about a global growth slowdown, hurting investor sentiment across Asia.
Stretching its losing streak to the third straight-day, key benchmark indices resumed on subdued note tracking a combination of weak Asian sentiment as well as poor earnings outcome and traded sideways in the absence of any definite cues.
It briefly broke through the psychologically significant 8,100 mark before recouping some lost ground towards the fag-end trade on attractive low level buying.

Technology stocks continued to see intense selling impacted by poor earnings from heavyweight biggie TCS, a day after Infosys slashed dollar revenue guidance, adding outlook concerns for the overall sector.
Sentiments got a further jolt after FMCG major Hindustan Unilever reported a decline of 2.62 per cent in standalone net profit.

Meanwhile, deflationary trend continued for 11th straight month with wholesale inflation remaining in the negative territory at (-)4.54 per cent in September.
Elsewhere, disappointing Chinese inflation data triggered another sell-off in Asia, indicating more weakness in the world's second-biggest economy.
The 50-share broader index opened lower at 8,102.40 and hovered between 8,139.30 and 8,096.35 before ending at 8,107.90, revealing a loss of 23.80 points, or 0.29 per cent.

Sector-wise , Media topped the selling list, plunging over 2.54 per cent followed by Technology 1.39 per cent, Auto 0.84 per cent and Infra 0.34 per cent along with FMCG and Banking.
However, Healthcare, Metal and Energy ended firmly up.
Among the major index losers were TCS, ICICI Bank, Tata Motors, Zee, HUL, TechM, Idea, Heromotoco, L&T, Cairn, Coal India, Dr Reddy's, Infosys, Bajaj Auto, NTPC and Maruti.
Notable gainers included HDFC, HDFC Bank, Reliance, Lupin, Axis Bank, Hindalco, M&M, ONGC, Tata Steel, ACC and HCL-Tech.
Turnover in the cash segment rose to Rs 14,720.70 crore from Rs 14,493.06 crore yesterday. A total of 8,629.58 lakh shares changed hands in 64,11,366 trades and the market capitalisation of NSE stood at Rs 96,86,016 crore.