Benchmark indices traded choppy on the last trading session of the week after a massive fall a session before as the market reacted on IT major result Infosys after it reduced full year guidance considerably. Besides, the wholesale price index (WPI)-based inflation declined to a three-month low of 3.57% in September, from 3.74% in the previous month. The Nifty ended the session to close at 8583 i.e. 10.05 points higher. GAIL, LT and Tata Motors were the top gainers of the day while Zee, Infratel and INFY were the top losers of the day.
Global Markets Update
JP Morgan quarter third earnings beat consensus. JP Morgan said adjusted earnings per share came in at $1.58 in the three months ended September 30, down from $1.68 a share a year earlier but above expectations for adjusted earnings of $1.39 a share.
Japan’s Nikkei share average rose in choppy trade on Friday as index heavyweight Fast Retailing Co’s strong gains offset negative sentiment from Wall Street’s weakness overnight.
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