Indian shares closed the week slightly lower, with Friday seeing muted performances as TCS’ Q2 earnings fell short of market expectations. Global cues remained tepid, further dampening sentiment as oil prices surged nearly 4% overnight due to rising tensions in the Middle East.
The BSE Sensex declined by 230.05 points (0.28%) to close at 81,381.36, while the NSE Nifty dipped 34.20 points (0.14%) to end at 24,964.25.
TCS led the decliners, slipping 1.9% after its Q2FY25 profit missed estimates. Other major losers included Adani Enterprises, Cipla, ICICI Bank, and Mahindra & Mahindra, all falling between 1-2%.
However, ONGC, Tech Mahindra, HCL Technologies, and Hindalco were among the top gainers, rising between 1-2%. Trent surged 2.5%, Tata Chemicals rose 2.8%, and Tata Investment Corp added 1.7% following the appointment of Noel Tata as chairman of Tata Trusts.
Just Dial gained over 3% after reporting a Q2 net profit that more than doubled, and Sudarshan Chemical Industries soared nearly 15% on news of its acquisition of Heubach’s global pigment business for Rs 1,180 crore.
