Reuters Market Eye - The Sensex and the Nifty are down 0.1 percent after gaining for four consecutive sessions. Investors are turning more cautious ahead of January-March earnings due starting next week after the Sensex gained 1.92 percent in the previous four sessions.
Defensive shares fall after recent gains: ITC falls 1 percent and Hindustan Unilever is down 1.2 percent after gaining 1.6 percent and 2.1 percent in the previous four sessions.
Reliance Communications Ltd rises 5.6 percent, a day after announcing a fibre optic network sharing deal with a unit of Reliance Industries , which is widely seen as benefiting both companies.
Other companies controlled by billionaire Anil Ambani gain on hopes the deal would lead to increased tie-ups with brother Mukesh Ambani.
Reliance Infrastructure Ltd rises 2.2 percent, while Reliance Capital Ltd gains 1.43 percent.
(Reporting by Manoj Dharra)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app