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L&T Infotech, Bharat Bijlee, Everest Industries and KEI Industries rallied post earnings. Biocon lost 4.5 percent after bad earnings. Equity benchmarks were mildly lower in morning after Brent crude oil futures hit USD 71 a barrel and ahead of expiry of January derivative contracts.
The 30-share BSE Sensex was down 82.98 points at 36,078.66 and the 50-share NSE Nifty fell 18.40 points to 11,067.60 despite positive market breadth.
About 1,252 shares advanced against 1,107 declining shares on the BSEShares of Bharat Electronics gained nearly 3 percent as board will consider buyback of equity shares.
A meeting of the board of directors of the company is scheduled to be held on January 30, to consider and approve, unaudited standalone financial results for the quarter and nine months ended December 31, 2017.
The board will also consider declaration of interim dividend for the financial year 2017-18.
At the said board meeting, the proposal for buyback of the fully paid-up equity shares of the company of face value of Re 1 each will also be considered by the board.
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