Good Morning Everyone,
Indices were down 0.3% on weak cues from Asian markets, and the laggards included auto, real estate, and information technology stocks. DLF was the worst hit on Nifty as it fell 2.1% on lower-than-expected Oct-Dec earnings. Tata Motors lost nearly 2% whereas Suzlon Energy slumped over 10% on disappointing numbers. A hike in foreign institutional investment limit aided a 1% rise in Apollo Tyres. GAIL was up 0.10% on its better-than-expected Oct-Dec net profit. Several bank shares rebounded on short covering after Thursday's fall, while Bharat Petroleum Corp, up 1.2%, was the top gainer on Nifty. Outperforming sectors are Capital goods & FMCG.
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