CLOSING BELL

The BSE Sensex closed 105.61 points down at 27,836.50 as Infosys posted lower-than-expected Q1 results and disappointed the street. The NSE Nifty index settled 26.65 points down at 8,538.35.

In the 30-share index, Tata Steel, Bharti Airtel, HDFC Bank, HDFC and Adani Ports gained between 1.47 per cent and 3.81 per cent. On the other hand, Infosys, TCS, Wipro, Coal India and NTPC slid between 1.19 per cent and 8.82 per cent.

Sectorwise, the BSE IT index plunged the most — 5.35 per cent, followed by TECk index (down 3.94 per cent), Power (down 0.83 per cent) and Consumer Durables (down 0.40 per cent). On the other hand, BSE Telecom index and Auto index gained 2.34 per cent and 0.96 per cent, respectively.

Shreyash Devalkar, fund manager, equities, BNP Paribas Mutual Fund said, “A sharp drop in the IT index, subsequent to the announcement of results by some IT majors, weighed heavily on the bourses and dragged markets lower.”

However, Asian peers ended higher on Friday. Hang Seng, Nikkei and Shanghai closed higher by 0.46 per cent, 0.68 per cent and 0.01 per cent, respectively.

2.32 pm: JBM Auto gained over 2 per cent after it informed BSE that it has entered into a joint venture agreement on July 14 with Solaris Bus & Coach SA, Poland for the purpose of manufacturing of Electric and Hybrid Buses.

1.52 pm: LIC Housing Finance jumped over 3 per cent after the company reported 6.72 per cent rise in net profit at Rs 407.84 crore for the quarter ended June 30, 2016. The company reported net profit of Rs 382.13 crore in the corresponding quarter last year. The 30-share index was down 54 points at 27887. Nifty was trading 6.60 points down at 8,558.

1.28 pm: Benchmark indices wiped off some losses in the afternoon trade. Sensex was trading 63.51 points down at 27,878.60. Nifty was down 7.55 points at 8557. Infosys was quoting 8.16 per cent down at Rs 1,079.90.

1.04 pm: Vimta Labs posted over two-fold increase in its bottomline at Rs 2.71 crore for the quarter ended June 30 as compared to Rs 1.26 crore in the same quarter last year. Shares of the company were trading 8.92 per cent up at Rs 97.50.

12.21 pm: Sensex was trading 173 points down at 27,768. Stocks from information technology and banks were putting pressure on benchmark indices. The BSE IT index was down 5.24 per cent at 10620.55.

11.33 am: Reliance Industries shares were trading 1.07 per cent up at Rs 1017.25 ahead of its first quarter earnings. Sensex was trading 158 points down at 27,783. Nifty was down 39.50 points at 8,525.50.

10.45 am: DCB Bank shares slid over 6 per cent intraday after the private lender reported a marginal rise of 0.34 per cent in net profit for the quarter ended June 30, 2016. Read more: DCB Bank shares plunge over 6% on asset quality concerns

10.24 am: Shares of Infosys were trading 8.64 per cent down at Rs 1,074.30 post Q1 results. Sensex was down 158 points at 27,783. Nifty was trading 41.45 points down at 8,523.

10.23 am: Meanwhile, Infosys reported 4.47 per cent fall in consolidated net profit figures at Rs 3,436 crore for the first quarter ended June 30, 2016 against Rs 3,597 crore in the sequential quarter ended March 31, 2016. The company also cut its revenue guidance for the financial year ended March 31, 2017 to 10.5-12 per cent from 11.5-13.5 per cent earlier.

9.53 am: Infosys results are expected anytime now. Shares of the company were trading 0.35 per cent up at Rs 1,180.

9.47 am: Shares of TCS were trading 0.83 per cent down at Rs 2499.50. Read more: TCS shares fall despite better-than-expected Q1 earnings, should you buy?

9.35 am: DCB Bank shares were trading 3.10 per cent down at Rs 101.65. The bank on Thursday registered a nominal rise in net profit at Rs 47.03 crore for first quarter ended June 30, 2016. DCB Bank had posted a net profit of Rs 46.87 crore in the corresponding period last fiscal.

9.28 am: In the 50-share index, Idea Cellular, ITC, Adani Ports, Bharti Infratel and Tech Mahindra were up between 0.89 per cent and 1.31 per cent.

9.22 am: Sensex crossed the psychological mark of 28,000 in the early trade and was trading 69 points up at 28,011. Nifty was trading above 8580-mark.

9.16 am: Sensex was trading 7.53 points down at 27,793. Shares of Tata Consultancy Services (TCS) were trading 1.23 per cent down despite the IT major reported better-than-expected Q1 results.

OPENING BELL

Sensex opened 24.03 points up at 27966.14, while Nifty opened 0.45 points up at 8565.45.

9.01 am: Reliance Industries will also announce their financial results for the quarter ended June 30, 2016 later in the day.

PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open in green on Friday tracking SGX Nifty and firm global cues.

At 7.54 am (IST), SGX Nifty was up 33.50 points at 8,614.

Asian stock markets gained on Friday as record highs on Wall Street offset the impact on sentiment of an attack in France that lifted the safe-haven yen. Hang Seng and Nikkei were up by 0.44 per cent and 0.93 per cent, respectively, in the morning trade.

Back home, the 30-share index closed 127 points up at 27942 on Thursday, while the 50-share index settled 45.50 points up at 8,565.

Infosys will announce its first quarter results today. On Thursday, TCS reported better-than-expected results for the quarter ended June 30, 2016.