6:00 PM Mumbai – Tata Consultancy, the largest India-based software services provider said quarterly net rose 8%. Reliance Industries reported quarterly income increased 11% but weak crude oil price dragged revenues down 35%. CRISIL said net in the quarter declined 18%. LIC increased its stake in Hindalco.
Stocks in Mumbai rested in Friday’s trading and for the week popular indexes gained more than 1.5%.
Rupee weakened 4 paisa to 62.30 against one dollar.
The Sensex Index declined 233.94 or 0.8% to close at 28,442.10. The CNX Nifty dropped 100.70 or 1.2% to 8,606.
For the week, Sensex Index slipped 1.6% and CNX Nifty dropped 2%.
Gainers & Losers
declined 7% to ₹2,181.40 after the credit rating agency said net income in the first-quarter declined 18.03% to ₹56.32 crore.
Total revenues in the quarter fell 0.52% to ₹307.62 crore.
GRUH Finance Limited
dropped 3.4% to ₹240.90 after the financial services provider reported net income in the fourth-quarter increased 0.63% to ₹74.06 crore.
Net revenues in the quarter climbed 19.9% to ₹304.99 crore.
Hindalco Industries Limited
advanced 1.9% to ₹139.80 after the largest producer of aluminium and copper reported Life Insurance Corporation of India increased its stake by 2.041% in the company to 11.328%.
declined 6.9% to ₹1,295.55 after the software developer said net in the fourth-quarter jumped 8.6% to ₹128.70 crore.
Net revenues rose 0.7% to ₹918.10 crore.
Reliance Industries Limited
slid 0.1% to ₹926.85 after the industrial and petrochemical conglomerate said net in the fourth-quarter climbed 11% to ₹6,243 crore.
Net revenues in the quarter plunged 34.8% to ₹67,470 crore.
Tata Consultancy Services Limited
declined 4.2% to ₹2,473.90 the largest information technology services provider based in India said net income in the fourth-quarter jumped 8.35% to ₹5,773 crore.
Net revenues in the quarter slid 1.14% to ₹24,220 crore.