Sensex Falls Over 100 Points, Nifty Trades Below 8,600
Stocks In Focus

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9:34 a.m.: Sensex fell over 100 points and Nifty moved below its crucial psychological level of 8,600 on the back of selling pressure in select IT and banking shares. As of 9:19 a.m., the Sensex traded 78 points lower at 27,837 and Nifty was down 20 points at 8,595. From the Nifty basket of shares, 30 were declining while 21 were advancing.
Stocks In Focus
- Bajaj Auto: The company will report its September quarter numbers later in the day. Analysts polled by NDTV Profit expect the company to post net profit of Rs. 1,025 crore on sales of Rs. 6,109 crore. Its operating profit or EBITDA is expected to come in at Rs. 1,252 crore compared with 1,317 crore during the same quarter last year.
- Eicher Motors: Analysts expect Eicher Motors to report net profit of Rs. 393 crore on sales of Rs. 1,777 crore.
- Vedanta Ltd: The mining conglomerate promoted by Anil Agarwal will also report its September quarter numbers later in the day. Analysts expect Vedanta to report net profit of Rs. 1,106 crore on sales of Rs. 15,741 crore. EBITDA or operating profit is expected to come in at Rs. 4,139 crore compared with Rs. 3,493 crore during the previous quarter.
- Bharat Financial Inclusion: Formerly known as SKS Microfinancce is expected to report net profit of Rs. 144 crore on net interest income of Rs. 214 crore.
- Tech Mahindra: The IT company on Thursday reported strong set of September quarter earnings. Its net profit came in at Rs. 644.7 crore on sales of Rs. 7,167 crore. During the quarter, Tech Mahindra reported strong revenue growth as its dollar revenues grew at 4 per cent against expectation of 1.3 per cent.
- United Spirits: The liquor maker reported September quarter earnings post market hours on Thursday. The company reported net profit of Rs. 82.5 crore on sales of Rs. 2,037 crore. Overall margins for United Spirits were flat during the quarter.