Larsen - & Toubro, Dr Reddy's Laboratories, Cipla and Aditya Birla Capital will declare their Q4 earningsThe domestic markets are flat, with an unfavorable predisposition, on the last trading day of the week, amid choppiness.
At 11:55 am, the BSE Sensex was trading at 48,569.15, lower by 118.10 points or 0.24 percent and the NSE Nifty was at 14,626.15, down 71.85 points or 0.50 percent.
The wider markets are underperforming their largecap peers, with the BSE Midacap and BSE Smallcap index losing 0.6 percent each.Overnight, Wall Street advanced in a broad rally, recovering from 3 straight days of selling, as positive labor market information prompted financiers to purchase shares that stand to acquire most from financial revival.
All three significant United States The Dow Jones increased 1.38 per cent, S&P 500 gained 1.27 per cent and Nasdaq Composite included 0.7 per cent.Meanwhile, oil prices fell on Friday after dropping about 3 per cent a day earlier as coronavirus cases stayed high in major oil consumer India and as an essential fuel pipeline in the United States resumed operations after being shut due to a cyber attack.
Brent petroleum futures were down 35 cents, or 0.5 per cent, at $66.70 a barrel and West Texas Intermediate (WTI) was down 28 cents, or 0.4 percent, at $63.54 a barrel.On the revenues front, Larsen - & Toubro, Dr Reddy's Laboratories, Cipla and Aditya Birla Capital will state their Q4 profits during the day.On the stock-specific front, Asian Paints is the leading gainer amongst Sensex stocks, soaring more than 7 percent at Rs 2744 after reporting a dive in quarterly revenue in the quarter ended March 2021.
UPL likewise surged 7 percent after publishing solid quarterly outcomes.
Cipla, Dr Reddy's and ITC are the other substantial gainers on the BSE.On the other hand, Tata Steel, M&M and Hindalco have shed around 2 percent each on the BSE.