Sensex, Nifty still trading flat; pharma stocks gain

Nifty hits record high in morning trade, Sensex surges 191 points

India's broader NSE Nifty index ended lower on Thursday after the U.S. Federal Reserve set an October start for shrinking its balance sheet and maintained a forecast for another rate increase this year.

Heavy selling pressure was witnessed in automobile, consumer durables and banking stocks.

At 3.30 p.m., the Nifty50 provisionally closed at 10,147.55 points - marginally lower by 5.55 points or 0.05 per cent.

The 30-share index fell by 43.68 points or 0.13 per cent to 32,356.83 in morning session. During the day, the Sensex lost 0.73% or 236.09 points, while the Nifty declined 0.81% or 82.55 points.

"Markets ended marginally lower on Wednesday as the Nifty continued to consolidate".

"The markets, however, watched subdued trading on Asian bourses after the outcome of the Federal Reserve meeting". The Nifty too was down by 6.40 points or 0.06 per cent. Japanese markets were closed for a holiday.

At the Interbank Foreign Exchange (Forex) market, the rupee opened with a gap-down at 64.50 against Wednesday's finish of 64.27 tracking overnight global developments.

LSU Police investigating possible hazing death
Maxwell Gruver, a Phi Delta Theta fraternity pledge, died Thursday, LSU Media Relations said. Alexander offered his "deepest sympathies and prayers" to the student's family and friends.

Watch Jennifer Garner sob about Hamilton while on laughing gas
But no one seems to have been as affected by exactly like Jennifer Garner was. "I couldn't stop", Jennifer said in the clip. Lin-Manuel Miranda 's Tony-winning musical Hamilton has moved millions of fans since its debut on Broadway in August 2015.

Record number of terrorism arrests made in United Kingdom in past year
The Home Office said that 91 per cent of those in jail were Islamic extremists while five per cent were far-right extremists. Of those arrested, 50% were eventually released without charge, while 105 people were charged with terror-related offences.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 125.55 crore while foreign portfolio investors (FPIs) bought equities of Rs 418.86 crore on Friday, showed provisional data.

Market heavyweight Reliance Industries was in a sweet spot as the scrip hit a record high of Rs 872.10 (intra-day) before closing 0.85 per cent higher at Rs 847.10 after the IUC cut is seen as benefiting the company's telecom unit, Reliance Jio.

"Over 120 stocks hit fresh 52-week highs, helping them multiply investors' wealth".

Banks, auto, FMCG and metals stocks pulled the market lower but healthcare stocks outperformed throughout session.

The S&P BSE Mid-Cap index provisionally fell 0.34%.

Major Sensex gainers on Thursday were: Dr. Reddy's Lab, up 7.47 per cent at Rs 2,486.45; Cipla, up 4.04 per cent at Rs 591.45; Lupin, up 3.02 per cent at Rs 1,032.45; Sun Pharma, up 2.59 per cent at Rs 519.55; and Tata Consultancy Services, up 1.34 per cent at Rs 2,525.85. ICICI Bank fell as much as 2% to Rs 285 - its lowest since 11 August, making it the top drag on both indexes.

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