Its gets worst for the Indian equity market as indices extended losing streak to second consecutive trading session. Nifty ended below the 200-DMA however, just managed to close at the 7,750 mark. Nifty closed with a loss of 34 points at 7,750 while Sensex ended with a loss of 97 points at 25,301.

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.1%, while the Hang Seng led the Shanghai Composite lower. They fell 0.67% and 0.02% respectively. European markets are broadly lower today with shares in Germany off the most. The DAX is down 1.55%, while London’s FTSE 100 is off 1.38% and France’s CAC 40 is lower by 0.88%.

ITC gained 1.6% to Rs.329.95 on BSE. The company posted a net profit of Rs.24952 million for the quarter ended March 31, 2016 as compared to Rs.23611.80 million for the quarter ended March 31, 2015.

Lupin crashed 9.1% to Rs.1,505.15 on BSE. The stock was the top Nifty loser today. The pharma company posted a net profit after taxes and minority interest of Rs.8070.80 mn for the quarter ended March 31, 2016 whereas the same was at Rs.5470.10 mn for the quarter ended March 31, 2015.

Esab India jumped 3.6% to Rs.580 on BSE. The company reported a net profit of Rs.9.37 crore in the quarter ended March 2016 as against net loss of Rs.1.38 crore during the previous quarter ended March 2015.

SpiceJet cracked 10.4% at Rs.71.30. The company posted a quarterly profit of Rs.73.2 crore in the fourth quarter of 2015-16 on higher operational income. During the March quarter of 2015-16, the airline’s operational income rose to Rs.1,474 crore from Rs.790 crore in the same period a year ago.

GHCL rallied 7.3% to Rs.155.35 after the company reported its Q4 net profit stood at Rs.79 crore.The total income for the quarter was at Rs.650.4 crore.

Pidilite Industries climbed 6% to Rs.653. The company reported 48.97% increase in standalone net profit to Rs.115.04 crore for the March quarter.

Maruti Suzuki closed 0.51% to Rs.3,947. The company said that it will inspect suspected fault in 20,427 S-Cross vehicle, as per reports. The automobile firm will suspect fault and replace brake part in 20,427 units of S-Cross.

A total of 18 stocks registered a fresh 52-week high in trades today, whereas 39 stocks touched a new 52-week low on the NSE.

USDINR trade today trading down 7 paise at 66.43 per US dollar.

Out of 1,396 stocks traded on the NSE, 988 declined and 365 advanced today.

Top 5 Nifty Gainers: ITC Ltd (3.67%), Adani Ports & Sez (1.80%), Bharti Airtel (1.36%), Tata Motors (1.26%) and ICICI Bank (1.11%).

Top 5 Nifty Losers: CIPLA (-1.66%), Infosys Ltd (-1.21%), HDFC (-1.18%), Sun Pharma (-1.17%) and ONGC (-0.92%),

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