The key benchmark indices pared early gains to fall in red on Friday with mixed trend observed in Asian markets after a lackluster day on Wall Street. At 10.15 am, the BSE Sensex was trading at 30,216, down 34 points, while the NSE Nifty-50 index was ruling at 9,406.20, down 16.20 points. In the broader market, the BSE Mid-cap and the BSE Small-cap indices tanked 0.66% and 0.58%, respectively.
Asian Paints shed 0.3 percent. The company's consolidated net profit reported 10.4% to Rs 462.22 crore on 8.9% rise in revenue from operations to Rs 4,416.23 crore in quarter-4 March 2017 y-o-y. Stocks of Infosys Ltd gained 2 percent to Rs 963. Infosys stock. The stock was the major Sensex gainer.
Dr Reddy's Lab shed 0.19% ahead of its quarter-4 earnings to be announced today, 12 May 2017. Kotak Mahindra Bank advanced 0.73% to Rs 943.70 after the bank said that its QIP issue of shares opened yesterday, 11 May 2017, fixing its at Rs 913.24 per share of Rs 5 each.
The India government will announce the new series of IIP and WPI considering 2011-12 the base year, so that economic activities to map more accurately.
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