A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas/File Photo
Indian shares stepped back on Friday after four straight sessions of gains that set them on course for their strongest week since early-February, with earnings of Reliance Industries, the country’s most valuable company, in focus.
The NSE Nifty 50 index (.NSEI) fell 0.78% to 14,778.9 by 0349 GMT, while the benchmark S&P BSE Sensex (.BSESN) slipped 0.84% to 49,345.57. Both the indexes are likely to close the week around 3% higher on gains from upbeat earnings reports.
Reliance (RELI.NS) was marginally lower ahead of its quarterly results. The stock is up more than 6% this week, as of its last close.
Wipro (WIPR.NS) climbed as much as 4% to a record high after the IT firm raised its outlook for June-quarter IT services revenue following the close of an acquisition.
Benchmark Nifty 50 component IndusInd Bank (INBK.NS) is also due to report earnings later in the day.
Our Standards: The Thomson Reuters Trust Principles.
Global Fashion Agenda has revealed Building Resilient Futures as the theme for the Global Fashion…
The Electricity Connect 2025 conference in Jakarta spotlighted Indonesia’s energy transition, with Huawei recognised as…
After years of material science breakthroughs, a team proved that a rugged, sea-ready composite could…
TAHO, a Venice-based compute startup founded by ex-Meta and Google engineers, raised $3.5 million in…
The 9th Future Investment Initiative in Riyadh spotlighted how AI is rapidly redefining global growth,…
Onward Robotics has appointed Brendon Bielat as Chief Product Officer, strengthening its leadership team as…