A morning walk down Dalal Street | Q3 earnings in focus, Infosys PAT likely to grow 7% YoY

Benchmark indices consolidated after 4 straight day of gains on Thursday. But, despite profit booking at higher levels, Sensex and Nifty closed above their crucial resistance levels.

Weak global cues could be blamed from the muted performance of Indian markets. Asian markets dipped after a solid four-day rally, as lack of details on US-China trade talks gave investors pause. 

Beijing said the talks with Washington were extensive and helped establish a foundation for the resolution, but gave no details at end of their three-day meeting aimed at resolving the tariff dispute that has battered financial markets, said a Reuters report.

The advance-decline ratio was slightly in favor of decliners. Of the 2,065 stocks traded on the NSE, 846 advanced, 860 declined, and 359 remained unchanged.