The S&P BSE Sensex plunged over 400 points in trade on Friday, led by losses in Reliance Industries, HDFC, L&T, TCS and M&M.
The BSE Sensex was still trading 1.5 per cent lower or 403 points at 25,491. It hit a low of 25,469.30 and a high of 25,862.68 in trade today.The 50-share Nifty index was trading 1.5 per cent lower or 116 points at 7,604. It hit a low of 7595.65 and a high of 7716.70 in trade today.
Steel major JSW Steel beat street expectations on every parameter on Friday with the net profit in April-June quarter at Rs 656.5 crore on strong operational performance, as against loss of Rs 381 crore in the corresponding quarter of last fiscal.
Infosys will improve its business by looking for new growth avenues and will return to historical performance levels in two years, top executives said on Friday.
Shares of HDFC Bank, HDFC, Reliance Industries, L&T, M&M, Sun Pharma, ONGC, Sesa Sterlite, NTPC, Wipro, Coal India, Hindalco Industries, Tata Power and Gail plunged 1.5-3 percent.
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