Market rundown by Vinod Nair, Head of Research, Geojit Financial Services Market skid as deviation in fiscal path and higher rural spending dampened investor’s sentiment. Additionally, rising inflation & yield may push RBI to be more hawkish on interest rate in the upcoming monetary policy. However, earnings season is picking up pace which is giving a sense to the participants to accumulate as long term prospects remain intact. Nifty realty cracks over 6% Sectoral Trend Sensex top gainers and losers Markets at Close Benchmark indices tumbled on Friday as the long-term capital gains tax on equities investments dampened sentiment, while bonds slid for a second consecutive session on worries the central bank would become more hawkish on inflation. The S&P BSE Sensex ended at 35,066, down 839 points while the broader Nifty50 index settled at 10,760, down 256 points. Earnings: Two-and three-wheeler major Bajaj Auto reported lower than expected net profit for the December quarter at Rs 9.52 billion against Rs 9.24 billion year on year. The company’s revenue rose 26% at Rs 63.69 billion against Rs 50.67 billion year on year. At the operating level, the earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to Rs 12.31 billion against Rs 10.43 billion.