Indian markets were flat on Wednesday tracking subdued global stocks amid continued slide in oil prices. Sensex was up 8 points to 27,434 while Nifty edged up 6 points to 8,305.85.

Reports On Indian ADRs

• IndusInd Bank meets forecast, profit up 29% at Rs 447 cr
• Just Dial up 4%; Macquarie rates outperform, sees 40% jump
• Jet, Asian Paints up 4-5% as crude price falls sub $47/bbl
• Lakshmi Vilas Bank Q3 profit jumps 4-fold to Rs 32.5 cr
• Nifty ended at 8299.40 DOWN 23.60 points and Sensex 27425.73 DOWN 159.54 points.
• OPEC won't back down, UAE minister says as oil plunges
• IOC yet to start work on Rs 5,150-cr LNG project

Indian Market Highlights

Indian shares edged lower, snapping a three-day winning streak, dragged down by energy stocks such as Oil and Natural Gas Corp tracking fall in crude prices, while profit-taking hit some of the recent outperformers.

However, losses were limited as interest rate-sensitive stocks gained after a better-than-expected December retail inflation data raised hopes that the central bank would cut rates in February.

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