Stock Market Today: Nifty, Sensex Log Weekly Losses; Bharti Airtel, Infosys Drag

The yield on the 10-year bond closed 3 bps higher at 7.11% on Friday.

Source: Bloomberg

• The local currency weakened 7 paise to close at 83.03 against the U.S dollar.

• It closed at 82.96 on Thursday.

Source: Bloomberg

India's benchmark indices ended the choppy trading session higher as ICICI Bank Ltd, State Bank of India gained. However, the indices declined weekly.

The NSE Nifty 50 ended 64.55 points or 0.30% higher at 21,782.50, and the BSE Sensex ended 169.98 points or 0.24% higher at 71,598.41.

Intraday, the NSE Nifty 50 fell 0.41% to 21,629.90, and the BSE Sensex fell 0.32% to 71,200.31.

The NSE Nifty 50 declined 0.33% this week from last week, while the S&P BSE Sensex ended with 0.68% weekly loss.

ICICI Bank Ltd., State Bank of India, Reliance Industries Ltd., Axis Bank Ltd., and Grasim Industries added positively to the index.

Infosys Ltd., Bharti Airtel Ltd., Mahindra & Mahindra Ltd., NTPC Ltd., and Oil and Natural Gas Corp of India weighed on the indices.

This week on NSE, nine sectors out of 12 gained, while three declined. The Nifty PSU Bank rose 5.3% to become the top performer among sectoral indices, while the Nifty FMCG index fell 2.3%.

Broader markets underperformed with the S&P BSE Midcap falling 0.82%, and Smallcap fell 1.36%.

On BSE, 15 out of 20 sectoral indices fell, while five rose. The S&P BSE Oil & Gas fell the most among sectoral indices.

The market breadth was skewed in the favour of sellers. Around 1322 stocks rose, 2514 fell, and 96 remained unchanged on the BSE.

• Total income rose 17.61% to Rs 2,022.9 crore from Rs 1,719.96 crore

• Net profit rose 104.16% to Rs 519.2 crore from Rs 254.3 crore

• Revenue rose 8.1% to Rs 704.4 crore from Rs 651.6 crore

• Ebitda rose 7.61% to Rs 98.9 crore from Rs 91.9 crore

• Margin fell 6 bps to 14.04% from 14.1%

• Net profit rose 34.62% to Rs 62.6 crore from Rs 46.5 crore