- Wipro Q1 net up 12.5% at Rs 2,388 crore, EBIT margin falls 90bps QoQ
- SpiceJet gains for seventh straight day; stock surges 9% on heavy volumes
- Tata Elxsi hits 52-week low after Q1 net profit drops 31% to Rs 48.79 crore
- Cox & Kings hits fresh low after fourth default in three weeks
- YES Bank falls 8% from intra-day high ahead of June quarter result
- MCX surges 8% after reporting six-fold jump in Q1 net profit
- Mindtree to declare Q1 results today; here's what leading brokerages expect
- Polycab India, RVNL: 6 out of 7 IPOs listed in 2019 trade above issue price
- Price, oscillators: Two ways to identify stocks that are likely to fall
- HDFC AMC rallies 10% in two days on strong Q1 results, hits record high
MARKET WRAP: Sensex down 87 pts, Nifty holds 11,550; banks dip, metals gain
Among gainers, Nifty metals, pharma and realty counters were up between 0.4-0.7 per cent.
Domestic indices ended Friday's choppy session in the negative territory. The markets remained range-bound, in the positive territory, for most part of the day but were dragged lower by index heavyweights like HDFC Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance.
The benchmark S&P BSE Sensex closed at 38,736 levels, down 87 points or 0.22 per cent. Among the gainers, YES Bank, Tata Steel, Sun Pharma and Vedanta topped the charts while ONGC, Bajaj Finance, ONGC and L&T were at the lower end of the spectrum.
The broader Nifty50 too settled with cuts. The 50-share index settled at 11,552 levels, down 30 points, or 0.26 per cent.
In the broader market, the BSE MidCap index ended 59 points, or 0.41 per cent, higher at 14,554 levels while the BSE SmallCap index closed 22 points, or 0.16 per cent, higher at 13,776 levels.
Sectorally, banking, financial services and FMCG counters were under pressure. The Nifty Bank index closed 0.37 per cent lower followed by Nifty Financial Services index, down 0.29 per cent. Among gainers, Nifty metals, pharma and realty counters were up between 0.4-0.7 per cent.
Shares of KPR Mill dipped up to 6 per cent to Rs 570 in early morning deals on the BSE on Friday after the textile company withdrew buyback proposal due to the tax proposed on buyback obligations in the Finance Bill 2019. READ MORE
Shares of Eris Lifesciences hit a lifetime low of Rs 450, down 8 per cent in early morning trade, on the BSE on Friday as the pharmaceutical company's stock turned ex-date for buyback today. READ MORE
Asian shares pulled back on Friday as worries over renewed Sino-US trade tensions weighed on sentiment.
In the commodities market, Brent Crude Futures were trading at $67 per barrel at 3:30 pm.