Taking cues from global peers, the Indian market on Friday closed in red, moving back from a massive rally the day before. The worry was over slowing global economic growth and its effect on corporate earnings. The ordeal took Sensex down 339.90 points to close at 26297.38 while its counter part Nifty lost 100.60 points to settle at 7859.95
Infosys which reported better than expected results today came out winner among heavy weights. Infosys kicked off second quarter earnings season on strong note which saw shares rising over 6 percent after the company reported consolidated net profit at Rs.3096 crore for the second quarter ended September 30, 2014. BHEL, Hero MotoCorp and Reliance Industries were few others those ended up in green.
In the broader markets, the BSE Midcap dipped 1.38 percent and BSE Smallcap 1.12 percent.
Majority of the Sectors closed in the red zone except IT which was up 2.29 percent and TECK which gained 1.17 percent. Metal, Auto and FMCG were top losers shedding 4.11, 2.78 and 2.56 percent respectively
