Sensex hit by bad Q1 results
Because of a number of bad Q1 results posted by many big companies, the benchmark Sensex went down during the final trading day for the week. It shed 124 points because of profit booking; but the main reason for fall was the below-expected results.
Global scenario too did not do much to help the things out.
Even blue-chip companies like Bharti Airtel and Hero Honda were hit. They feel in the range of 2-3 per cent and the 30 share index of BSE was down by 123.71 points to end at 17,868.29. This means a fall by 0.69 per cent.
All the main indexes including capital goods, tech and realty were battered because of all-round selling trend. All the 13 indices were in the red.
Results of Hero Honda and ONGC were down and had a dark impact on the market. And because of this, even RIL was down by 0.08 per cent despite showing good results. It was for the third day that the stock went down.
Nifty, the 50-share index was no different and lost 0.76 per cent to finally settle at 5,367.60 points.
During the whole week Sensex has lost 1.5 per cent.