Key benchmark indices ended the session on a mixed note, amid choppy trades, as investors turned cautious ahead of May F&O expiry due on Thursday. Disappointing earnings from Tata Motors and Tech Mahindra were a major drag on the markets.
However, buying demand among financials and oil shares limited the losses to a great extent. The sentiment was dampened further by concerns surrounding US interest rate hike after the US reported better-than-expected economic data.
The broader markets had a listless closing, with the midcap and smallcap indices ending marginally lower at 10,616.47 and 11,162.41 respectively.
The Sensex ended the session at 27,564.66, higher by 33.25 points or 0.12%, while the Nifty settled below the crucial technical level of 8,350 at 8,335, down 5 points or 0.06%.
Tata Motors lost 5.12% after consolidated net profit declined 56.2% to Rs1716.50 crore on 3.4% increase in total income to Rs67821.21 crore in Q4 March 2015 over Q4 March 2014.
Tech Mahindra lost 14.24%, after consolidated net profit before special adjustment related to Mahindra Engineering Services fell 39.23% to Rs472 crore in Q4 March 2015 over Q3 December 2014.
Reliance Power rose 1.12%, after consolidated net profit rose 2.8% to Rs276.47 crore on 20.1% increase in total income to Rs1680.77 crore in Q4 March 2015 over Q4 March 2014.
