Indian benchmark indices decline on Friday, US-Syria news affects market
The market on Friday was not only weighed down by pharma, energy and FMCG stocks but also the news of first ever direct US attack on the Syrian government in six years, reports said.
The US government on Thursday launched at least 59 Tomahawk Missiles at the Syrian military airbase, according to media reports.
Market experts believe there is also some amount of caution prior to the declaring of the March quarter earnings by the various Indian companies.
The earnings season is scheduled to take off with Infosys coming out with its earnings on April 13.
Key stocks that gained on Friday were TCS, BPCL, Bajaj Auto, Bharti Airtel, Hero Motocorp, Idea Celular and NTPC while Sun Pharma, Bank of Baroda, Lupin, Adani Ports, Reliance, Kotak Mahindra and BHEL declined.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
