After a volatile session throughout the day Indian benchmark indices ended the day on a flat note. Nifty managed to remain above its crucial psychological support level of 5700 and ended the day at 5,740.35 down by 14 points meanwhile Sensex ended at 19,345.70 down by 2.64.
Indian Rupee fell down to 61.17 close to the all time low of 61.21 hit on 8 July and forced RBI to sold dollar via state-run banks. INR came under selling pressure after RBI kept interest rates on hold yesterday and failed to announce any additional steps to defend the currency.
Bharti Airtel, India's biggest mobile carrier, reported consolidated net profit rose higher-than-expected 35.5% quarter-on-quarter (down 10% Y-o-Y) to Rs 689 crore, but consolidated revenues dropped 0.9% Q-o-Q (9% growth on yearly basis) to Rs 20,264 crore during quarter.
HCL Tech hits a new 52-week high after Q4 as its consolidated net profit rose better-than-expected 41% year-on-year (16% quarter-on-quarter) to Rs 1,210 crore.
Among the sectoral indices CNX Media (2.06%), CNX Metal (1.85%) and CNX Energy (0.98%) were top gainers while CNX Realty (-2.50%), CNX FMCG (-2.33%) and Bank Nifty (-1.90%) were top losers.
Out of 50 stocks of Nifty 26 stocks advanced and 24 declined.
Top 5 Nifty gainers: Bharti Airtel (7.51%), Dr. Reddy (4.67%), BHEL (4.36%), LUPIN (4.35%) and Hindalco (4.22%) were among the top gainers.
Top 5 Nifty losers: DLF (-6.25%), Axis Bank (-6.18%), Power Grid (-5.97%), NTPC (-5.59%) and JP Associate (-4.24%) were among top losers.
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