Stock Market Today:Domestic stock markets opened in deep red in the last trading session of the week with BSE Sensex falling as much as 585 points or 0.65 per cent, while the National Stock Exchange benchmark Nifty 50 fell over 158 points or 0.64 percent to be below. the 24,600 mark.
As of Thursday, the Nifty and the Sensex have lost 0.9 per cent and 0.5 per cent, respectively, and are on track for their third straight week of declines.
Markets are being dragged down by infosys which released its earnings for the second quarter of the current financial year (Q2FY25). The company missed analysts’ estimates by announcing a 4.7 per cent rise in its net profit for the second quarter of the fiscal year, reporting a figure of Rs 6,506 crore for the July-September period. On Friday at 9:31 the shares of the IT company were trading down 2.31 per cent on the BSE.
Titan, Be protected India, CCI, suzuki maruti and technology Mahindra There were other stocks trading in the red.
On the other hand, axle bench which posted an 18 per cent rise in second quarter earnings, rose as much as 3.31 per cent, leading the earnings chart on BSE.
Actions of wipro another major IT company, reported a 21.2 percent increase in profit for the second quarter of the current fiscal year, in reaction to which the company’s shares rose more than 4 percent in the first hour of trading of the Friday.
Tata Motors , TCS Tata Steel and JSW Steel It was others who won with BSE.
Broadly speaking, foreign institutional investors were net sellers of Indian stocks for the 14th consecutive session on Thursday.
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