ITC, Infosys, TCS, Sun Pharma, Dr Reddy’s Labs and Bharti Airtel rallied 1-3 percent while Tata Motors,  L&T, M&M, HUL and Bajaj Auto fell 1-2.5 percent.

3:30 pm Market closing: The market ended off day’s high amid consolidation Thursday after strong Budget rally in previous session.

The 30-share BSE Sensex was up 84.97 points at 28226.61 and the 50-share NSE Nifty gained 17.85 points at 8734.25. The market breadth was also positive as about 1530 shares advanced against 1248 declining shares on the exchange.

ITC, Infosys, TCS, Sun Pharma, Dr Reddy’s Labs and Bharti Airtel rallied 1-3 percent while Tata Motors, L&T, M&M, HUL and Bajaj Auto fell 1-2.5 percent.

3:18 pm Market Update: Equity benchmarks erased gains in late trade on profit booking. The Sensex was up 36.72 points at 28178.36 and the Nifty gained 4.15 points at 8720.55.

3:03 pm Interview: In an interview to CNBC-TV18, PN Vasudevan, MD of Equitas Holdings spoke about the results and his outlook for the company.

Speaking about the numbers, he said gross non-performing asset (NPA) would have been 2.95 percent if RBI dispensation was not used.

Asset under management (AUM) growth was marginally up 1-2 percent quarter-on-quarters as disbursements were down 24.5 percent QoQ, he said.

Source: moneycontrol.com