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Markets settle volatile session flat, Nifty ends below 10350; DRL top loser

SI Reporter/New Delhi 23 Nov 17 | 03:37 PM

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In a volatile trading session, the benchmark indices ended flat with the Nifty settling below 10,350 as the market consolidated in want of fresh triggers after the September quarter earnings season wound down.

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Shares of insurance companies shed up to 5% after the Finance Ministry formed a task force to study and submit a report on redrafting of the direct tax code within six months. 

Meanwhile, a rally in oil prices continued to reduce expectations of rate cuts ahead of the Reserve Bank of India’s policy meeting early next month.

Overseas, Chinese shares tumbled with the blue-chip index suffering its worst fall in nearly 1-1/2 years as worries about a sell-off in the bond market bled into equities. Japanese markets were closed for a holiday and the United States were off for Thanksgiving. 

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Sensex

Company Price Gain (%)
M & M1,481.753.50
Bajaj Auto3,251.703.18
HDFC Bank1,876.252.13
Lupin866.251.67
Adani Ports401.551.65

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