Indian shares opened lower on Friday after three consecutive sessions of gains.
The benchmark BSE Sensex dropped 333 points, or 0.4 percent, to 76,709 in early trade while the broader NSE Nifty index was down 73 points, or 0.3 percent, at 23,238.
Reliance Industries rallied 2.5 percent after announcing a record quarterly profit.
Infosys slumped 5 percent despite the IT firm reporting healthy financials in Q3FY25, surpassing street estimates across all fronts.
Axis Bank plummeted 4.4 percent as it reported a tepid rise in its December quarter profits.
LTIMindtree lost 3 percent on reporting a 7.14 percent decline in consolidated net profit in Q3, missing estimates.
Spencer’s Retail jumped 3.2 percent after narrowing its quarterly net loss.
Sun Pharmaceutical rose 1.2 percent after its subsidiary, Taro Pharmaceuticals, has agreed to buy Antibe Therapeutics, a clinical-stage biotechnology company based in Ontario, Canada.
Market Analysis
Sensex, Nifty Edge Lower In Early Trade
2025-01-17 04:11:30
