It's a weak Friday for Indian equities markets, with the Nifty struggling around 5200 dragged down by banks, capital goods and power. The midcap space also sees modest cuts as infra and textile drag. Some buying interest was seen in metal and auto stocks.
Refinery major Reliance was trading flat ahead of its numbers today. It is likely to post a 3% sequential rise in profits, GRMs likely to be slightly higher than USD 7 per barrel.
Further crack seen in banking stocks; Kotak Mahindra, Federal Bank, IndusInd Bank, ICICI Bank and HDFC Bank were down 1-3%. The BSE Capital Goods, power and realty indices were trading weak.
The Sensex was down 115.46 points or 0.67% at 17163.39, and the Nifty was down 36.95 points or 0.70% at 5205.75
About 1082 shares advanced, 1439 shares declined, and 914 shares remained unchanged.
ITC, ONGC, Reliance, HDFC Bank, Infosys and ICICI Bank were negative contributors to the bourses while TCS, HUL,, Bharti Airtel, Tata Steel and Coal India