The S&P BSE Sensex fell over 100 points in trade on Thursday, tracking muted trends across most Asian markets. The 50-share Nifty was quoting below the crucial mark of 8,600. The losses in the benchmark indices were led by heavyweights such as ICICI Bank, Infosys, L&T, Wipro, Tata MotorsBSE -1.58 % and Reliance Industries.
The overall market breadth though remained positive, with five out of every 10 BSE stocks trading in the green. Stock-specific action was visible, as slew of companies reported their June quarter numbers during the trading session.
Rallis India fell over 8 per cent after reporting a 10 per cent YoY fall net profit for the June quarter. Wipro was down over 3.5 per cent. The company on Thursday reported less-than-expected Q1 numbers. Stocks of IDFC surged nearly 5 per cent in trade on Friday after the non-banking financial company said it has received a banking licence from the Reserve Bank of India (RBI).
The fall in the domestic indices were much in line with weak global trend. South Korea's Kospi was down 1 per cent; Hong Kong's Hang Seng was down over 150 points and Japan's Nikkei fell lost 0.6 per cent. Bucking the weak trend, China's Shanghai Composite was up over 1 per cent.
Continuing its losing streak for the third consecutive trading session, rupee dropped 21 paise to 63.97 against dollar in early trades today. The local unit had slumped 19 paise to settle at 63.76 against the greenback on Thursday amid persistent demand for the US currency from banks and importers.
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