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MARKET WRAP: Indices erase early gains to end flat; Ashok Leyland sheds 10%

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Erasing all its morning gains, the domestic equity market settled flat with negative bias on Wednesday. The S&P BSE Sensex ended marginally lower at 35,142, down just two and a half points while NSE's Nifty50 index slipped below the crucial 10,600 level to end at 10,576, down 6 points. TCS, Infosys, Sun Pharma and Mahindra & Mahindra contributed the most to the Sensex's fall.  Among individual stocks, shares of Sun Pharma dropped over 7 per cent to Rs 521 on BSE after the company posted a consolidated loss of Rs 2.18 billion for the quarter-ended September ...