DAILY MARKET ANALYSIS
- The S&P BSE Sensex ended the day at 28,442.10, down 223.94 points in trade on Friday, led by losses in TCS, Infosys, ICICI Bank, Sun Pharma and Axis Bank.
- The 50-share Nifty index ended at 8,606, down 100.70 points.
HIGHLIGHTS
- TCS cracks over 4% intraday post Q4 results. CLSA has a target of Rs 3,000
- IT counter takes a hit post TCS Q4 results; Mindtree slips over 7% intraday
- UBS cuts target for Nifty to 9,200 from 9,600; cites cuts in earnings estimates as key reason for reducing the target
- Lupin falls another 6% intraday on Suprax generic concerns; Kotak Institutional Equities, Nomura downgrade the stock
- Motherson Sumi gains 4% intraday on strong car sales in the EU region
- Tata Steel surges 4% intraday; says no deal with UK unions on pension scheme
- Nikkei ends below 19,700; drops to over one-week low
- Brent trades above $63 | China stock @ fresh 7-year high.
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