6:00 PM Mumbai, India – Market indexes on Dalal Street extended weekly losses and the rupee dropped to a new record low despite the crude oil price falling to 12-year low. Infosys said quarterly profit rose 7%. Everest Industries net more than doubled. Cyient net declined 12%.
Stocks in Mumbai trading lacked direction after volatile markets in China and a sharp plunge in Japan affected market sentiment.
Currencies in Asia declined and the rupee dropped to a new low after yuan in Shanghai traded down and traders looked for another devaluation between 5% and 10% in the next two months.
Rupee weakened 44 paisa to ₹67.44 against the U.S. dollar.
The Sensex Index slid 81.14 or 0.3% to close at 24,772.97. The CNX Nifty edged down 25.60 or 0.3% to 7,536.80.
Gainers & Losers
Agro Tech Foods Limited
jumped 3.4% to ₹549.75 after the food products maker completed the purchase of land in Howrah, West Bengal for expansion in the eastern part of India for ₹3.01 crore.
declined 3.9% to ₹468.25 after the geographic information system services provider said net in the third-quarter dropped 11.9% from a year ago to ₹86.84 crore.
Net sales in the quarter rose 1.3% to ₹781.78 crore.
Everest Industries Limited
advanced 2.7% to ₹260.20 after the building roofing products maker said net in the third-quarter soared 141.3% from a year ago to ₹2.76 crore.
Total sales in the quarter added 1.7% to ₹278.89 crore.
declined 4.3% to ₹1,128.70 after the software developer said net in the third-quarter increased 6.6% from a year ago to ₹3,465 crore.
Net revenues in the quarter jumped 15.3% to ₹15,902 crore.
Reliance Industrial Infrastructure Limited
dropped 4.3% to ₹426.50 after the infrastructure developer said net in the third-quarter declined 25.6% from a year ago to ₹3.96 crore.
Net sales in the quarter fell 2.6% to ₹22.13 crore.