1 / 19 Nifty ends a tad lower for the week as weak earnings weigh: Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. Benchmark BSE Sensex declined by 55.47 points or 0.
07 per cent to settle at 79,486.32. During the day, it tanked 424.
42 points or 0.53 per cent to 79,117.37.
The NSE Nifty dipped 51.15 points or 0.21 per cent to 24,148.
20. 2 / 19 Rupee ends at record low of 84.38 vs $: Declining for the third straight session, the rupee dropped 5 paise to hit a new lifetime low of 84.
37 against the US dollar on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. 3 / 19 Tata Motors’ Q2 disappoints: Tata Motors reported a surprise drop in second-quarter profit and its first revenue decline in 10 quarters on Friday, hurt by weakness in both its luxury vehicles unit, Jaguar Land Rover, and domestic businesses. The company posted a profit of 33.
43 billion rupees ($396.4 million) for the quarter ended Sept. 30, down 11% on-year.
4 / 19 Asian Paints delivers a volume dip shock in Q2 on competitive pressures: Asian Paints reported an overall volume decline of 0.5%, compared to an expectation of a growth between 6% and 8% on a year-on-year basis. Net profit nearly halved, margins narrowed by 480 basis points, while gross margins also declined by 260 basis points from the same quarter last year.
The man.
