Closing Bell: Sensex ends over 300 points lower, Nifty above 10,100 at end of October series; Airtel down 7%

The market remained under pressure throughout the session but recovered a bit at the end of October F&O expiry day.

The Sensex was down 343.87 points at 33690.09, while Nifty was down 99.90 points at 10124.90. About 930 shares have advanced, 1559 shares declined, and 1121 shares are unchanged.

Barring IT, all the other sectoral indices ended in red.

Wipro, Coal India, Kotak Mahindra Bank, ITC, Asian Paints are the top gainers on the Sensex, while Bharti Airtel, Vedanta, Yes Bank, Tata Motors and Sun Pharma are the top losers on the Sensex.

Company's consolidated net profit rose 88.6 percnt at Rs8.9 crore against Rs4.7 crore. Revenue was up 20.8 percent at Rs251 crore against Rs208 crore.

Gold prices rose by another Rs 125 to trade at over six-year high of Rs 32,625 per 10 gram Thursday, buoyed by pick-up in festive and wedding season demand by localjewellersamid firm global trends and weakening rupee.

: The company's Q2 net profit was down 18 percent at Rs 38.2 crore versus Rs46.5 crore.Revenue was up 6 percent atRs 598 crore versus Rs 564 crore.

: The company approved share buyback of 18.93 crore shares at Rs 86 apiece, which is upto Rs 1,628.3 crore.

Dish TV has reported 22.6 percent fall in net profit to Rs 19.7 crore for the quarter ended September 2018. It had posted a profit of Rs 25.5 crore in June 2018.The company's net subscriber’s additions was at 2 lakh, while ARPU stood at Rs 207.Its subscription revenue was down at Rs 1,453.6 crore against Rs 1,489 crore, QoQ.

Dish TV India was quoting at Rs 38.10, down Rs 6.75, or 15.05 percent, touched a 52-week low of Rs 36.80.

Benchmark indices continued to trade lower, but were off day's low. The Sensex was down 265.94 points at 33,768.02and the Nifty declined 78.60 points to 10,146.20.

About two shares declined for every share rising on the BSE.

Indiabulls Housing Finance was the biggest loser among Nifty50 stocks, falling 8 percent. Bharti Airtel was down 5.5 percent ahead of September quarter earnings.

HDFC, HDFC Bank, Reliance Industries, ICICI Bank, SBI and L&T were down 1-2 percent whereas TCS, Infosys, Wipro, HCL Technologies, IOC, ONGC and ITC were gainers.

ShalimarPaints said it has reported net loss at Rs 10.1 crore for the quarter ended September 2018 against loss of Rs 9.8 crore in same period last year.

Revenue during the quarter grew by1.3 percent year-on-year to Rs71.7 crore andEBITDA loss narrowed to Rs 6.8 crore from Rs 9.5 crore YoY.

OBC's fresh slippages were lower at Rs 1,451 crore in September quarter against Rs 2,831 crore in June quarter.

Write-offs for the quarter stood at Rs 790 crore, which were lower compared to Rs 1,198 crore in previous quarter.

KajariaCeramics's second quarter consolidated profit fell11.2 percent year-on-year to Rs 50.6 crore on weak operational earnings, but revenue grew by8.1 percent to Rs 725.3 crore.

EBITDA (earnings before interest, tax, depreciation and amortisation) dropped 10.7 percent to Rs 108.9 crore and margin contracted by 320 bps to15 percent YoY.

Nifty realty was down close to 2 percent dragged by Indiabulls Real Estate, Prestige Estates and Brigade Enterprises. However, Unitech zoomed 12 percent in this afternoon session.

Bank Nifty shed a percent with losses from ICICI Bank, Bank of Baroda, State Bank of India and IDFC Bank.

Nifty metal was down 2 percent dragged by Hindalco Industries, JSPL, JSW Steel, Vedanta, SAIL and NMDC.

However, IT sector is the only space in the green led by Wipro, Tata Consultancy Services, HCL Tech and KPIT Tech.

Oil prices fell as Asian and European stock markets plunged in the wake of Wall Street's biggest daily decline since 2011, with investors shedding risk in an uncertain political landscape.

Brent crude oil fell 0.2 percent, to a low of $76.02. The global benchmark has lost more than $10 a barrel since hitting a high of $86.74 on October3.

Financial markets have been hit hard by a range of worries, including the US-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy.

Weakness is also starting to show in container and dry-bulk rates, both of which have declined significantly in October, pointing to a slowdown in global trade. Source: Reuters.

Maruti Suzuki, the country's largest car maker, has reported a 9.8 percent on year degrowth in second quarter profit to Rs 2,240.4 crore, dented by weak operational performance and subdued sales volume.

Profit in corresponding period last fiscal stood at Rs 2,484.3 crore.

Revenue from operations for the quarter increased 3 percent year-on-year to Rs 22,433.2 crore despite fall in sales volume, driven by higher average selling price (ASP).

Sales volume during the quarter was subdued as the company sold 4,84,848 vehicles, down 1.5 percent year-on-year.