Markets ended lower amid a volatile trading session on Friday weighed down by selling pressure in Infosys after the software major lowered dollar revenue guidance for current fiscal.
The 30-share Sensex provisionally ended down 147 points at 18,658 and the 50-share Nifty slipped 37 points to close at 5,671.
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(Updated at 2:20PM)
After a brief recovery in mid-morning markets have once again slipped into negative terrain weighed down by selling pressure in Infosys after the software major lowered revenue guidance for current fiscal.
At 2:20pm, the 30-share Sensex was down 120 points at 18,683 and the 50-share Nifty slipped 28 points at 5,680.
Asian markets were trading mixed with Japan's Nikkei ending at a new 2-month low on Friday weighed down by selling pressure in SoftBank. The benchmark index ended down 0.15%. Among other Asian indices, the Shanghai Composite was up 0.1%, Hang Seng gained 0.6% and Straits Times was up 0.5%.
European shares opened lower on Friday on rising debt concerns in the euro zone. The FTSE-100, CAC-40 and DAX were down 0.3% each.
Among the sectoral indices on the BSE, IT slipped over 2.4% followed by Auto and Capital Goods and Auto down 0.4% and 0.1%, respectively.
However, Consumer Durables, Healthcare and Metal indices were among the top gainers up 0.4-1.4% each.
Infosys continued to remain the top loser down 5.2% to Rs 2,400 after the company lowered its revenue guidance for the current fiscal 2013 in dollar terms.
ICICI Bank, HDFC and Bharti Airtel were the other prominent Sensex losers.
HDFC Bank was the top Sensex gainers after the private lender reported a 28% surge in net profit at Rs 1,560 crore for the quarter ended September 2012. It was Rs 1,200 crore a year ago for the same period. Total income increased 24% to Rs 9,870 cr as against Rs 7,929 crore in September 2011.
Other gainers include, GAIL India, Hindustan Unilever and NTPC.
The broader markets outperforming the benchmark indices. The BSE mid-cap and small-cap indices have shed some of their early gains and were up 0.5% each.
However, the overall breadth was positive as 1,447 stocks are advancing while 1,300 are declining.