Key equity benchmarks ended trade in the red however off the day’s low. The BSE Sensex closed down 61.97 points at 19435.21 after touching an intraday low of 19,381.82.
The NSE 50-share Nifty ended trade flat at 5887.40, down 0.16 percent. Both the indices are at their 2013 lows.
Dr. Reddy's shares retreated a day after reporting a larger-than-expected fall in quarterly earnings, while software service exporters fell on profit-booking.
However, Tata Motors provisionally rose 2.5 percent, recovering from an earlier fall of as much as 3.1 percent, as traders saw initial losses - sparked by a drop in quarterly earnings - as overdone given expectations for a recovery in profits.
Dr. Reddy's Laboratories provisionally fell 3.2 percent, while Infosys Ltd ended down 1.2 percent.
Markets This Week
Nifty & Sensex Down 0.3% Each, CNX Midcap Index Down 2.3%
BSE Small Cap Index Down 3.7%, Nifty Junior Down 1.6%
Bank Nifty Up 0.5%,BSE Metals Down 1.6%
BSE Cons Durables, Oil & Gas Down 1.1% Each, BSE PowerDown 3%
BSE Cap Goods Down 4.3%, BSE Realty Down 5.4%
Tata Motors Up 6.8%, Sun Pharma Up 5.5%,CIL Up 3.3%
HCL Tech & HDFC Bank Up 4.1% Each, ONGC Up 3%
UltraTech Cement Up 2.7%, Oil India Up 2.5%, HUL Up 2.2%
Siemens India & DLF Down 7.5% Each, Maruti Suzuki Down 7%
JSPL Down 6.7%, BPCL Down 5.3%, L&T & Power GridDown 4.8% Each
Ranbaxy Down 4.5%, Bajaj Auto Down 4%, ACC Down 3.6%
DB Realty Down 31.3%, United BreweriesDown 22%,TV18Down 14.4%
Uttam Galva Down 18%, Suzlon Down 12.4%, IFCI Down 11%
Opto Circuits Down 12.2%,Shasun Pharma Down 11%, Finolex Down 9%
K'taka Bank Up 9%, Polaris Up 6.5%, Jet Airways Up 4.7%
Nifty's struggle to stay above 5850 continued in the afternoon trade as commodities, pharma and oil and gas stocks witness widespread sell-off. The midcap index was under pressure led by selling in infra and financial stocks.
The market seems to be losing buyers' interest today. As most of the stocks continue to shed gains, the market was finding difficult to hold firm.
Equity benchmarks opened lower on Friday following fall in Asian markets and weakness in technology and auto stocks.
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