Market Closing Update By Capitalheight @ Sensex, Nifty consolidate;

Sensex, Nifty consolidate; Tata Motors, Dr Reddy's plunge 3% Reliance Industries cut losses to 0.7 percent from 3.5 percent. Tata Motors and Maruti Suzuki plunged 3 percent each followed by ONGC, Dr Reddy's Labs, HUL and Sun Pharma.

The Sensex declined 64.05 points to 23997.99 and the Nifty fell 21 points to 7288.30. About 1306 shares have advanced, 1236 shares declined, and 180 shares are unchanged on the BSE.
 Automotive battery manufacturer Exide Industries' third quarter profit shot up 37.9 percent year-on-year to Rs 134 crore on strong operational performance but sequentially it fell 14 percent. Revenue declined 2.1 percent to Rs 1,524.7 crore in quarter ended December 2015 compared to Rs 1,557.5 crore in year-ago period and also slipped 12.3 percent compared to preceding quarter.

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