Equity benchmarks remained lacklustre due to lack of domestic as well as global cues. Current consolidation suggested that so far, the market seems to have priced in the effect of demonetisation on equities. Now the street will closely watch its effect on Q3 earnings that will be announced in January.
Crude oil futures dropped after official inventory reports indicated a larger-than-expected build in US oil stocks.
Crude inventories in the United States rose by 5.3 million barrels in the week to November 11, compared with expectations for an increase of 1.5 million barrels.
US benchmark WTI crude was down 0.24 percent, at USD 45.46 a barrel. Brent crude futures fell 0.24 percent, to USD 45.52 per barrel.
