Sensex ends 45 points lower, Nifty below 8,670 ahead of US jobs data; Asian Paints top loser
Market fell tracking Asian markets ahead of a US jobs report due later in the day and the start of domestic quarterly earnings season, but still logged their best weekly gains in nearly a month.
- Oct 7, 2016,
- Updated Oct 13, 2016 9:12 AM IST
The S&P BSE Sensex on Friday ended 52 points lower, while the broader Nifty50 settled the day below its key support level of 8,700.
The headline indices fell tracking Asian markets ahead of a US jobs report due later in the day and the start of domestic quarterly earnings season, but still logged their best weekly gains in nearly a month.The 30-share index ended the day at 28,054, down 51.93 points, while the broad-based 50-share index quoted 8,695, down 14.15 points at close.
Back home, investors were also girding themselves for the July-September quarter results, starting with software maker Infosys on October 14.
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"There is no positive trigger and the earnings season has just started," said Saurabh Jain, assistant vice president of research at SMC Global Securities.
Among the losers, Bharti Infratel fell 3.45 per cent, after gaining 5.11 per cent in the last three sessions.
The Nifty IT Index extended losses for the third straight session. Tata consultancy Services Ltd and Infosys Ltd fell more than 1 per cent each.
Among the gainers, Tata Motors rose as much as 2 per cent and was the top percentage gainer on the Nifty.
(With inputs from Reuters)
The S&P BSE Sensex on Friday ended 52 points lower, while the broader Nifty50 settled the day below its key support level of 8,700.
The headline indices fell tracking Asian markets ahead of a US jobs report due later in the day and the start of domestic quarterly earnings season, but still logged their best weekly gains in nearly a month.The 30-share index ended the day at 28,054, down 51.93 points, while the broad-based 50-share index quoted 8,695, down 14.15 points at close.
Back home, investors were also girding themselves for the July-September quarter results, starting with software maker Infosys on October 14.
ALSO READ: Rakesh Jhunjhunwala's 98% wealth is invested in equities
"There is no positive trigger and the earnings season has just started," said Saurabh Jain, assistant vice president of research at SMC Global Securities.
Among the losers, Bharti Infratel fell 3.45 per cent, after gaining 5.11 per cent in the last three sessions.
The Nifty IT Index extended losses for the third straight session. Tata consultancy Services Ltd and Infosys Ltd fell more than 1 per cent each.
Among the gainers, Tata Motors rose as much as 2 per cent and was the top percentage gainer on the Nifty.
(With inputs from Reuters)