Indian equity indices ended the week on a flattish note as global headwinds were at play. Indices lost ground in afternoon trade as ICICI Bank reported a sharp drop in fourth quarter earnings.Nifty closed with a a gain of 2.55 points at 7,849.80 while Sensex ended with a loss of 3.52 points at 25,606.62.

Marico Ltd stock ended 3% higher at Rs. 258. The Group has posted a net profit of Rs.1384.386 mn for the quarter ended March 31, 2016 compared with Rs.1100.350 mn for the quarter ended March 31, 2015. Total income increased from Rs.12450.148 mn for the quarter ended March 31, 2015 to Rs.13345.939 mn for the quarter ended March 31, 2016.

Bharti Airtel ended 2% lower at Rs.363. The company said that it will undertake the buyback of shares after securing approval from the Delhi high court for the scheme of amalgamation of its wholly-owned subsidiary with the company.

ICICI Bank Ltd ended 1% lower at Rs.236. The company posted a net profit of Rs.4067.10 mn for the quarter ended March 31, 2016 compared with Rs.30849.20 million for the quarter ended March 31, 2015. Total income has increased from Rs.249142.60 mn for the quarter ended March 31, 2015 to Rs.282167.80 million for the quarter ended March 31, 2016.

Dabur India Ltd ended 2% higher at Rs.276. The company reported 16.6% rise in net profit for the quarter ended 31 March 2016. Net profit for the full year increased 17.5%.

Lupin Ltd rose 2.11% to Rs.1,607. The company strengthened its branded drug portfolio in the US market with the relaunch of a drug to control postpartum hemorrhage (post delivery blood loss).

Hindustan Construction Co. Ltd ended 5% lower at Rs.21. The company said that its consolidated net loss for the full year widened to Rs.318.14 crore from Rs.159.45 crore.

HCL Technologies Ltd closed 6% lower at Rs.750. The IT firm posted disappointing results for the third quarter ended March 31, 2016, missing street estimates.

Idea Cellular Ltd ended 7% lower at Rs.118. Net profit of the company fell 24.7% to Rs.575.6 crore in Q4 compared with Rs.764.2 crore in Q3. Net revenue of the company stood at Rs.9,484 crore in Q4 as against Rs.9,009 crore in Q3.

USDINR trade today trading earlier recovered by 7 paise to 66.45

Out of 1,803 stocks traded on the NSE, 842 declined, 682 advanced and 279 remained unchanged today.

Top 5 Nifty Gainers: Cipla (0.90%) Lupin Ltd (0.82%), Reliance Ltd (0.64%),Coal Ltd (0.38%), and Axis Bank (0.14%).

Top 5 Nifty Losers: ICICI Bank (-4.14%), NTPC (-2.56%), AdaniPorts & Sez (-1.87%), Dr Reddys Lab (-1.51), Bharti Airtel (-1.36%)

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