The BSE Sensex closed 176.27 points down at 33,891.13, while the Nifty 50 ended 52.45 points lower at 10,198.40. Here are the highlights from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 turned volatile on Tuesday following muted sentiment in global markets amid escalating trade tensions between the US and China. Mixed corporate earnings also dented investor sentiment in the local markets. Shares of oil companies fell after September-quarter earnings of state-run BPCL disappointed investors, dragging the stock down nearly 3%. Shares of Reliance Industries and HPCL also fell over 2%. However, gains in shares of IT companies and PSU banks limited losses. The Indian rupee traded marginally lower against the US dollar.

In global markets, European stocks dropped and U.S. futures trimmed an earlier jump as traders turned their focus to a slew of company results and the next phase of a trade standoff between the US and China. Oil prices dipped over concerns related to U.S.-China trade dispute and signs of rising global supply despite upcoming sanctions against Iran.

3.37 pm IST
Closing bell: Sensex, Nifty close lower
The BSE Sensex closed 176.27 points, or 0.52%, down at 33,891.13, while the Nifty 50 ended 52.45 points, or 0.51%, lower at 10,198.40.

3.18 pm IST
Emami shares off day’s high after earnings
Emami Ltd reported consolidated net profit of Rs 82.67 crore in the quarter ended September 30 versus Rs 98.68 crore a year ago. Consolidated revenue from   operations stood at Rs 628 crore in the September quarter, unchanged from the  same quarter last year. Shares traded 1.28% up at Rs 406 per share, off day’s high of Rs 416 per share.

2.43 pm IST
Government mulls selling ILFS: Report
The government is examining options including an outright sale of Infrastructure Leasing & Financial Services Ltd., reported Bloomberg, citing a person with
knowledge of the matter, as the government tries to stem defaults at the lender
with $12.6 billion of debt. Shares of IL&FS Investment Managers rose 2.70%, IL&FS
Engineering and Construction gained 0.33% and IL&FS Transportation Networks fell
1.02%.

source: livemint.com