INDIAN EQUITY BENCHMARK ended sharply lower after investors booked profits after gains in the previous three sessions with index heavyweights and private banks leading the decline. Companies engaged in online retail portals and e-commerce business such as Just Dial and Info Edge (India) rallied 4-15% in an otherwise subdued market after private equity investors recently infused funds in these companies.
Further, Ceat has rallied 9%, after reporting a strong set of numbers for the quarter ended September 30 and higher earnings prospects on the back of lower raw material prices.
Adani Ports shares gains after domestic rating agency ICRA upgraded its long-term debt rating to "BBB-plus" from "BBB," citing a "strong" ramp-up in cargo volumes this fiscal year.
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