6:00 PM Mumbai – The benchmark index in India declined for the third week in a row. Axis Bank net climbed 18% on 22% increase in revenues. Biocon net soared 78%. Exide Industries net and revenues rose. TVS Motor net surged 74%.
Market indexes in India and rupee fell for the third week in a row and the Sensex dropped to a four-month low after weak economic growth in the U.S. and weaker-than-expected domestic corporate earnings.
Rupee weakened 18 paisa to 63.47.
The Sensex Index declined 214.62 or 0.8% to close at 27,011.31. The CNX Nifty decreased 58.25 or 0.7% to 8,181.50.
For the week, the Sensex Index plunged 2.4% and for the month tumbled 3.2% and for the week the CNX Nifty declined 2.3% and for the month plummeted 3.4%.
Gainers & Losers
ALSTOM India Limited
declined 3.3% to ₹714.05 after the power generation equipment maker said net in the fourth-quarter tumbled 60.8% to ₹71.93 crore.
Net revenues in the quarter declined 18.7% to ₹848.09 crore.
climbed 4.7% to ₹61.75 after the information technology services provider said net in the fourth-quarter plunged 54.52% to ₹4.93 crore.
Sales in the quarter fell 3.71% to ₹46.26 crore.
Axis Bank Limited
jumped 2.7% to ₹567.85 after the financial services provider said net in the fourth-quarter climbed 18.4% to ₹2,180.59 crore.
Total revenues in the quarter soared 21.7% to ₹12,384.39 crore.
The ratio of net non-performing assets in the bank slightly increased to 0.44% from 0.4% in the same period last year.
The bank said its board approved to raise foreign institutional shareholding limit to 74% from 62% earlier.
advanced 2.3% to ₹452.90 after the biopharmaceutical products maker said net in the fourth-quarter surged 78% to ₹201 crore.
Net revenues in the quarter climbed 15% to ₹830 crore.
Exide Industries Limited
dropped 5.6% to ₹171.20 after the automotive and electric batteries maker said net in the fourth-quarter rose 4.12% to ₹137.59 crore.
Total revenues increased 1.99% to ₹1,657.47 crore.
Hexaware Technologies Limited
plunged 9.1% to ₹281.05 after the software developer said net in the first-quarter climbed 18.56% to ₹83.35 crore.
Net sales in the quarter soared 21.15% to ₹713.23 crore.