Markets end marginally lower as investors focus on Q1 results; PSBs drag

Track all that happened in the market here

4:04 PM

Jayant Manglik, President, Retail Distribution, Religare Securities said: Markets settled marginally lower in a dull session today, taking a breather after the recent swing. Initially, sentiment was positive, thanks to the firm global markets but profit taking re-emerged in the middle and pushed the index lower. Participants preferred to book some profit ahead of some important results however buying in select index majors capped downside.

3:48 PM

Nifty PSU Banks was the biggest sectoral loser, down over 1% followed by pharma, metal and IT sectoral indices

3:45 PM

State-run lender Canara Bank fell 5% after it posted lower-than-expected first-quarter profit due to higher provisions for bad loans.

3:44 PM

IT company Mindtree fell 4.5% to its lowest since May 5, after it reported a 1.6% drop in June-quarter profit.

3:41 PM

Top gainers and losers on BSE Sensex

3:36 PM

The S&P BSE Sensex ended at 31,904, down 51 points while the broader Nifty50 index settled at 9,873, down 26 points.

In broader markets, BSE Smallcap hit fresh high at intra-day but later pared some gains to end 0.1% higher while BSE Smallcap ended 0.6% lower

3:34 PM

Indian shares ended flat on Thursday, as quarterly results remained the main driver in the market, at a time when strong gains have raised concerns about valuations.

 

On the other hand, world shares extended a run of record highs on Thursday, as a cautious sounding Bank of Japan lifted Asian stocks to a near decade peak and Europe wagered on an incremental increase in confidence from the ECB at its latest meeting.

 

3:14 PM

Oil prices held near 2% gains made the previous session when falling US crude inventories gave the market a lift ahead of a key OPEC meeting next week.

2:54 PM

Markets pare some losses as Axis Bank rallies over 4%, becoming the top gainer on both the frontline indices

2:13 PM

At 2:11 pm, the Sensex was trading at 31,891, down 63 points, while the Nifty50 was ruling at 9,867, down 32 points.

 

The S&P BSE Smallcap index hit a new high on BSE in intra-day trade but later pared gains to trade 0.2% higher while BSE Midcap was trading 0.4% lower.