Sensex ends flat, Nifty settles above 10,300 as oil steadies; ITC down 2%

All that happened in the market today

Benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.
Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in US stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.


Back home, GST (goods and services tax) Council is likely to slash the indirect tax rates on as many as 165 items at its meeting in Guwahati, which begins later today. At present, these 165 items attract 28% tax, which could be moved to the 18% category.



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