At 60,814, the Sensex is down 44 points, and the Nifty is below 18,100
Even after posting a 7.9% increase in consolidated net profit at $2,481 crore for the third quarter ended December 31, 2022, FMCG giant Hindustan Unilever had a nearly 3% decline in initial trade.
Early on Friday, shares of index-dominant Reliance Industries fell, and this contributed to a fall in equity benchmarks.
Despite a strong start, the 30-share BSE Sensex dropped 107.59 points to 60,750.84 in early trade. The NSE Nifty, a more inclusive index, dropped by 29 points to 18,078.85. The Sensex pack's biggest laggards included Hindustan Unilever, Nestle, Asian Paints, Titan, Reliance Industries, Bharti Airtel, Maruti, and Bajaj Finance.
Even after posting a 7.9% increase in consolidated net profit at $2,481 crore for the third quarter ended December 31, 2022, FMCG giant Hindustan Unilever had a nearly 3% decline in initial trade.Gainers included IndusInd Bank, Power Grid, HDFC Bank, HDFC, Tata Motors, and State Bank of India.
Equity markets in Seoul, Tokyo, Shanghai, and Hong Kong all saw positive trading activity elsewhere in Asia.
On Thursday, US markets had a lower closing price.
The Sensex dropped 187.31 points, or 0.31 percent, on Thursday to close at 60,858.43. The Nifty ended at 18,107.85 after falling 57.50 points, or 0.32 percent.Benchmark Brent crude for international oil prices increased 0.55 percent to USD 86.63 per barrel.
According to exchange data, foreign institutional investors (FIIs) were net purchasers in the capital markets, purchasing shares worth Rs. 399.98 crore.
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