Wipro has edged lower by 0.5 percent to Rs 572.90 on the BSE post its June quarter resultsThe domestic stock markets have actually opened at fresh all-time highs, extending the gains experienced in the previous session, on the back of buying interest in heavyweights such as ITC, Hindalco and Reliance Industries.
At 9:20 am, the BSE Sensex was trading at 53,235, greater by 78.92 points and the NSE Nifty was at 15,950.35, up 24.45 points or 0.16 percent.
The wider markets are also trading in the green, with the BSE Midcap index and BSE Smallcap index gaining 0.1 per cent and 0.5 percent respectively.Shares in Asia-Pacific primarily fell in Friday morning trade as investors wait for the Bank of Japan's financial policy declaration.
The Nikkei 225 in Japan fell 0.84 percent in early morning trade, while the Topix index slipped fractionally.
South Korea's Kospi declined 0.52 per cent.US stock indexes fell on Thursday as a rally in development stocks ran out of steam, while economically-sensitive cyclicals got as a fall in weekly out of work claims last week enhanced views about a healing in the labour market.
The Dow Jones was up 0.02 percent, while S-P 500 was down 0.32 per cent and Nasdaq Composite dropped 0.70 per cent.On the stock-specific front, ITC has rallied over 1 per cent to top the gainer's list on the BSE.
Sun Pharma, Dr Reddy's , Bharti Airtel and Reliance Industries are the other significant gainers on the BSE.On the other hand, HCL Tech, ICICI Bank, Tech Mahindra and Infosys have shed up to a per cent each on the BSE.
Amongst stocks in the news, Wipro remains in focus after the nation's leading software services company reported its best-ever quarterly earnings in the very first quarter of the present financial year.
Wipro's net revenue increased 9 percent sequentially to Rs 3,243 crore from Rs 2,972 crore in the previous quarter.
The stock has, however, edged lower by 0.5 percent to Rs 572.90 on the BSE post its June quarter results.The BSE market breadth is favorable.
Out of 2,672 stocks traded on the BSE, there are 1,727 advancing stocks as against 858 decreases.