At 10:26 IST, the barometer index, the S&P BSE Sensex, was down 78.42 points or 0.13% at 60,057.16. The Nifty 50 index fell 18.8 points or 0.1% to 17,927.25.
The broader market traded with gains. The S&P BSE Mid-Cap index rose 0.25% while the S&P BSE Small-Cap index gained 0.28%.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 1679 shares rose and 1341 shares fell. A total of 153 shares were unchanged.
Results Today:
Bhansali Engineering Polymer (down 0.05%), GM Breweries (up 4.39%) and JTL Infra (up 1.16%) will announce their quarterly results today.
Buzzing Index:
The Nifty Auto index added 1.09% to 11,499.75, rising for fourth trading session. The auto index has now rallied 8.9% in four trading days.
Bajaj Auto (up 3.23%), TVS Motor Company (up 3.06%), Tata Motors (up 2.32%), Hero MotoCorp (up 2.24%), Eicher Motors (up 1.77%) and Escorts (up 1.47%) were top gainers in auto segment.
Earnings Impact:
Krsnaa Diagnostics fell 6.43% to Rs 750.15 after the company's net profit declined 44.56% to Rs 12.54 crore on 27.9% decline in net sales to Rs 108.26 crore in Q2 FY22 over Q2 FY21.
Tata Metaliks tumbled 5.51% to Rs 1073 after the company's net profit declined by 33.4% to Rs 54.62 crore in Q2 FY22 from Rs 82 crore in Q2 FY21. Revenue from operations, however, rose by 24.1% YoY to Rs 644.84 crore during the quarter. Total expenses increased by 31.4% to Rs 566.95 crore in Q2 FY22 over Q2 FY21, due to a sharp rise in raw material costs (up 51.5% YoY). Profit before tax in the second quarter stood at Rs 81.01 crore, down by 10.2% from Rs 90.21 crore recorded in the same period last year.
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