The key benchmark indices extended losses with Sensex lost 125 points to hit the day’s low of 32,816 levels while the NSE Nifty dropped 44 points to mark a day’s low of 10,142.55 at 10.45 hours on Wednesday.
Sun Pharma was the biggest loser on Sensex after the company reported a decline of 59.19% in the consolidated net profit to Rs 912.12 cr for the quarter ended on 30 Sept 2017 YoY basis.
Earnings Reports: GAIL (India)’s net profit rose 41.6% to Rs. 1309.63 Cr on 4.5% growth in net sales to Rs. 12409.65 Cr in Q2 Sept 2017 on YoY basis.
Bank of Baroda’s net profit fell 35.64% to Rs. 355.36 Cr on 3.68% rise in total income to Rs. 12490.39 Cr in Q2 Sept 2017 YoY.
Indiabulls Real Estate’s consolidated net profit fell 30.28% to Rs. 93.90 Cr on 1.54% rise in net sales to Rs. 721.58 Cr in Q2 Sept 2017 year on year.
NBCC (India)’s consolidated net profit rose 31.33% to Rs. 81.24 Cr on 12.07% fall in net sales to Rs. 1,319.25 Cr in Q2 Sept 2017 YoY.
The major companies which are lined up to announce their Q2 earnings are New India Assurance Company, CARE Ratings, Golden Tobacco, TD Power Systems, Digjam, Empee Distilleries, Automotive Axles, HMT and Universal Cables, among others.