Reuters Market Eye - The BSE Sensex and the Nifty are down around 0.5 percent. Hindustan Unilever falls 5.46 percent after J.P. Morgan and Macquarie downgrade their ratings, citing the prospect of slowing revenue.
Lenders extend recent falls ahead of RBI's policy review on Tuesday: HDFC Bank is down 1.8 percent, while State Bank of India falls 1.2 percent.
Wipro gains 6.6 percent after the software services exporter issued dollar revenue guidance that was above estimates.
Foreign institutional investors bought 2.78 billion rupees of cash shares on Friday, while domestic institutional investors sold 4.89 billion rupees worth of shares on the segment, exchange data showed.
(Reporting by Himank Sharma)
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