Here's how the Markets fared today

The Nifty consolidated in a narrow resistance zone and edged lower on Thursday after two Index majors -- Lupin and Bajaj Auto -- announced earnings that missed street's expectations.

The Nifty fell 45 points to end the day at 8,589 points. Its Advance-Decline Ratio stood at 15/35 with Lupin, Bajaj Auto, Zee and Hindustan Unilever leading the loser's list. On the gainers side were Cairn India, Tata Motors, Mahindra & Mahindra and Dr. Reddy's.

On the Bombay Stock Exchange, the Sensex fell 137 points to close the day at 28,369 points. Bharti, TCS and L&T were the top losers on the Index, while Maruti, NTPC and HDFC were top gainers. As a consequence, the Advance-Decline Ratio on the Sensex stood at 13/17.

Cairn India and Tata Motors stole the limelight on the Nifty, albeit for different reasons. Cairn India's former parent, but its biggest minority shareholder, Cairn Energy, is all set to vote against the oil explorer's new parent Vedanta Resources trying to buy out minority shareholders, news reports said.

Cairn Energy holds 10 percent stake in Cairn India, which operates the nation's largest onshore oil field. Cairn India's new owner Vedanta wants to merge Cairn India with its existing global metal operations in a bid to pare down its heavy debt load. Cairn Energy joins Life Insurance Corp, which holds 9 percent stake in Cairn India, in voting against the planned buyout which is seen as detrimental to minority shareholders. Other investors, too, have pledged to work against the planned merger.

Tata Motors saw some value buying after the stock corrected 33 percent from its record high of 612 rupees.

But Lupin and Bajaj Auto disappointed investors: Lupin's first quarter PAT and Sales fell much below analysts' expectations, while the revenue at Bajaj Auto failed to inject momentum in the stock.

Bulls retained overall control on Dalal Street with 1,522 shares rising versus 1,315 that lost ground.

The day was mixed in the derivatives space. Media, technology and Fertiliser sectors gained among 18 industries in both price and open interest. The Advance-Decline Ratio was 65/94 in the futures and Options market.

Stocks that hit fresh 52 week highs were Dr. Reddy's, BPL and CCL Products.

Image credit: Indiatimes