The Indian equity market ended in the red on Friday tracking declines in Asian stocks as a stronger dollar weighed on crude oil prices, hurting investor risk appetite. Today’s major decline was led by consumer durables followed by metal, energy, and finance stocks, while realty, IT, telecom, capital goods and banking were among the gainers. In first half, bias was slightly on the negative side but swift recovery in last one hour of trade completely trimmed the intra-day losses. Nifty closed with a mere six points loss at 8,693, while BSE Sensex ended with a loss of 53 points at 28,077.

On the global front, Japan’s Nikkei slipped 0.30%. Hong Kong’s Hang Seng and the Shanghai Composite closed in the green.

European stocks saw a mixed trade after the European Central Bank kept its policy rate unchanged after a monetary policy meeting. The FTSE 100 was trading up, DAX and the CAC 40 were trading lower around 0.5% each.

HCL Tech climbed 2% after the company posted a net profit after taxes, minority interest and share of profit/(loss) of associates of Rs 2015.6 crore for the quarter ended September 30, 2016 as compared to Rs 1739.8 crore for the quarter ended September 30, 2015.

Reliance Industries slipped 2.2%. The consolidated net profit grew by 43% yoy to Rs 9,902 cr compared to Rs 6926 cr in the previous year. Petrochemicals EBIT grew by 35.5% to Rs 3417 cr yoy.

Cipla slipped 2% after the pharma company informed BSE that the Supreme Court decided in favour of Union of India in an appeal filed against Cipla and others arising out of the judgement of the Honorable Allahabad High Court. The other petitions filed in the Bombay High Court on completely separate set of grounds related to alleged overcharged amounts are pending and are still subject to the interim stay granted by the Honorable Supreme Court in July 2016.

Wipro gained 1%. Wipro has signed a definitive agreement to acquire Appirio that creates next generation worker and customer experiences for a purchase consideration of USD 500 million. The company will announce its Q2 FY17 numbers today.

NBCC tumbled 4%. NBCC’s share sale today garnered 1.54 times subscription from institutional buyers, who put in bids totalling more than Rs 2,700 crore.

Biocon zoomed 2.6%. The company posted 52% rise in net profit over the last year for the second quarter ended September 30, led by growth in its small molecules, biologics and research services.

Gulf Oil Lubricants gained 1.6%. The consolidated net profit grew by 25% yoy to Rs 30 cr against Rs 24 cr in the last quarter.

Praj Industries dropped 5.6%. The company reported that its revenue was 6.3% lower than the street estimate of Rs 219.6 cr. Moreover, net profit was 66.6% lower than the estimated figure of Rs 9.1 cr.

Sadbhav Infra slipped 1.9%.The company signed an EPC agreement worth Rs 283 crore for mainteance and repair works during the development period and construction for four projects with four subsidaries.

Kajaria Ceramics slumped 6.7%. The company posted net profit after taxes, minority interest and share of profit of associates of Rs 64 crore for the quarter ended September 30, 2016 as compared to Rs 59 crore for the quarter ended September 30, 2015.

GHCL slipped 5.3% after the company reported a 79% growth in net profit for the second quarter of the financial year. Net profit came in at Rs 90.3 crore against Rs 50.4 crore in the previous year. The company’s EBITDA margins saw a growth of 25.4 percent from 21.2 percent in the year ago period.

Jyoti Structures jumped 8.5% after the company received an order from Transco CLSG for 225 kV Line worth $40.82 million.

Kalyani Steel tanked 6.1% to Rs 322 after the company reported a rise in net profit at Rs 37.6 crore against Rs 29.4 crore in the year ago period, its income from operations remained flat at Rs 330 crore.

Unichem Labs dropped 6% after the company’s net profit fell 11% to Rs 20.5 crore as compared to Rs 23.1 crore in the same quarter last year. The company’s EBITDA margins dropped from 11% to 10.8 percent.

The rupee was trading down five paise at 66.85 per US dollar.

Out of 1,505 stocks traded on the NSE, 716 declined and 740 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (2.48%), ICICI Bank (2.45%), SBI (1.80%), Tata Motors (1.36%) and Maruti Suzuki (1.35%)

Top 5 Nifty Losers: Wipro (-3.75%), Asian Paints (-1.76%), Bharti Airtel (-1.13%), TCS (-0.91%) and Axis Bank (-0.87%)

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