Indian share markets edged lower in the afternoon session as investors awaited March-quarter earnings results.
NSE Nifty closed at 9177 with 0.23% loss; while BSE Sensex closed at 29576, shedding 130 points from the previous close.
Markets were dragged majorly by Infosys, ahead of the corporate earnings data due on April 13, 2017.
Broader markets outperformed the benchmark indices where Smallcap and Midcap closed with 0.6% plus gains.
RBL Bank share price surged 5.5% after the bank entered the list of India’s 10 most valuable banks. RBL Bank stock was trading at new record high of Rs 587.50 on the BSE.
Asian equity markets finished mixed as of the most recent closing prices amid rising worries about geopolitical risks. The Nikkei 225 gained 0.71%, while the Shanghai Composite and the Hang Seng indices declined. They fell 0.52% and 0.02% respectively. European markets are trading lower. The FTSE 100 is higher by 0.07%, while the CAC 40 and DAX are trading lower. They are down 0.42% and 0.14% respectively.
IOC, BPCL and Grasim were the top gainers with 3% plus gains; while Infosys came in as the top loser with 3.1% losses. Asian Paints and India bulls Housing Finance followed with 2.2% and 2% losses respectively.
Apollo tyres share price finished the day up by 1.9% on the BSE.
Adani Transmission closed at Rs 94.15 per share, up by Rs 12.8 or 15.73%.
Madhucon Projects closed at Rs 53.4 per share, up by Rs 6.3 or 13.4%.
Tata Sponge Iron closed at Rs 826 per share, up by Rs 97 or 13.3%.
Bhushan Steel closed at Rs 68.35 per share, up by Rs 8 or 13.3%.
The rupee was trading at 64.44 per US dollar.
Top 5 Nifty Gainers: IOC (3.55%), BPCL (3.21%), GRASIM (3.14%), YESBANK (2.98%) and INFRATEL (2.42%).
Top 5 Nifty Losers: INFY(-3.11%), ASIANPAINT(-2.21%), IBULHSGFIN(-2.09%), HCLTECH(-1.89%) and WIPRO(-1.57%)
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