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.
HALIFAX, NOVA SCOTIA — As Halifax confronts one of the most pressing housing shortages in…
PARIS, FRANCE — Servair, a member of gategroup, is once again reaching for the stars.…
Sale hailed as major sign of confidence in city’s real estate market and security in UAE …
By Daniel Welinder, Head of Aircraft Management and Sales at Jet Agent The acquisition of…
COPENHAGEN, DENMARK — DeCarbon Copenhagen 2026 will convene Europe’s biomass, carbon markets and digital infrastructure…
LONDON, UNITED KINGDOM — Parabellum Investments has announced the sale of business process outsourcing (BPO)…