|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
The Sensex fell on Friday to its lowest levels in 2013 as drug maker Dr. Reddy's retreated a day after reporting a larger-than-expected fall in quarterly earnings, while software service exporters fell on profit-taking.
However, Tata Motors
Analysts say sentiment remains cautious ahead of the 2013/14 budget to be unveiled on February 28, amid fears it would include populist spending measures that could threaten the government's fiscal deficit target.
"With industrial output data and inflation numbers out, there is no key development expected till the budget, so the market is expected to remain range-bound in the absence of any macro data before the build-up to the budget starts," said Kaushik Dani, fund manager at Peerless Mutual Fund.
India's annual wholesale price inflation slowed to 6.62 percent in January, government data showed on Thursday, lower than the 7 percent expected in a Reuters poll of economists.
0.15 percent, or 29.03 points, to end at 19,468.15, its lowest close since December 31, 2012.
The index fell 0.08 percent for the week, its third weekly decline.
The broader Nifty fell 0.16 percent, or 9.55 points, to end at 5,887.40. It earlier hit its lowest since December 26, 2012 and dropped 0.27 percent for the week.
Dr. Reddy's Laboratories
Bank of America Merrill Lynch downgraded Dr. Reddy's to "neutral" from "buy", saying "a slight" increase in core profit estimates was being offset by a fading U.S. drug pipeline and moderating growth.
Software service exporters fell on profit-taking, with Infosys
Shares in DLF Ltd
Indian midcap shares fell on a mix of disappointing earnings and worries about the economic outlook. Analysts expect midcap shares to remain weak until risk sentiment improves.
Suzlon Energy Ltd
United Breweries (Holding) Ltd
Besides Tata Motors, among the gainers was Bharti Airtel